Price has just tapped the POC (Point of Control) and showed an immediate reaction signs of absorption at the high.
The structure remains weak, and with London session approaching, we could see continuation to the downside.
🔍 Context:
Price rejected at key volume node
Consolidation under resistance
Potential for lower high formation
Liquidity resting below the range
I'm already in a short position from current levels, with eyes on the next support zones for possible TP.
Let’s see if London delivers the momentum for the next leg down.
The structure remains weak, and with London session approaching, we could see continuation to the downside.
🔍 Context:
Price rejected at key volume node
Consolidation under resistance
Potential for lower high formation
Liquidity resting below the range
I'm already in a short position from current levels, with eyes on the next support zones for possible TP.
Let’s see if London delivers the momentum for the next leg down.
Trade active
🐻 Bearish divergences on the 5M timeframe (CCI & CMF).Possible continuation of the downtrend during the New York session.
🧠 Short Setup (5M)
• Entry: 0.0144312
• Stop: 0.0144602
• TP1: 0.0142116
• Risk-Reward: 1:7.57 ✅
Trade closed: target reached
🧯 Strong selling pressure at 25MA (15M)Price is struggling to break above the 25-period moving average on the 15-minute chart.
Sellers are clearly in control at the moment.
Note
📈ENTRY 0.0144649💵TP 0.0143006
⛔️ SL 0.0144816
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.