🔎 Why This Setup Makes Sense:
1.Trend Bias
Downtrend confirmed — price is below both structure and moving averages.
2.Resistance Rejection:
Price failed to break back above resistance near 0.5223 and left small bearish candles — showing seller strength.
3.Entry Idea:
Short entry just below the resistance zone with a tight stop above recent minor swing high (~0.5223).
4.Target Zone:
Your take profit is near 0.5183, where price previously bounced — a natural support and reaction zone.
1.Trend Bias
Downtrend confirmed — price is below both structure and moving averages.
2.Resistance Rejection:
Price failed to break back above resistance near 0.5223 and left small bearish candles — showing seller strength.
3.Entry Idea:
Short entry just below the resistance zone with a tight stop above recent minor swing high (~0.5223).
4.Target Zone:
Your take profit is near 0.5183, where price previously bounced — a natural support and reaction zone.
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.
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.