📊 Current Price: 1.57582
🕐 Timeframe: 1 Hour
⚖️ Bias: Bearish (Short Setup Active)
🔍 Technical Breakdown:
Resistance Zone: 1.5783 - 1.5800
Price has tested this zone multiple times but failed to break above convincingly—forming a liquidity grab and now rejecting.
Entry: ~1.5758 (current market price)
Trade seems to have already triggered near this level.
Stop Loss: ~1.5840
Well above the supply zone, protecting against stop hunts.
Take Profit Targets:
TP1: 1.5570 (key support area / FVG close)
TP2: 1.5475 (strong demand zone)
Risk-Reward Ratio (RRR): Approx. 3:1 (visually based on RR box)
🕐 Timeframe: 1 Hour
⚖️ Bias: Bearish (Short Setup Active)
🔍 Technical Breakdown:
Resistance Zone: 1.5783 - 1.5800
Price has tested this zone multiple times but failed to break above convincingly—forming a liquidity grab and now rejecting.
Entry: ~1.5758 (current market price)
Trade seems to have already triggered near this level.
Stop Loss: ~1.5840
Well above the supply zone, protecting against stop hunts.
Take Profit Targets:
TP1: 1.5570 (key support area / FVG close)
TP2: 1.5475 (strong demand zone)
Risk-Reward Ratio (RRR): Approx. 3:1 (visually based on RR box)
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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.