The market is setting up for a potential liquidity grab and sell-off! 📉 Here’s the breakdown:
🔹 Price is approaching a key supply zone (highlighted in yellow & purple). A strong reaction here could indicate a short opportunity. 🔹 Invalidation level is clearly marked—if price breaks above, the setup is invalid. 🔹 Anticipated move: A rejection from the zone could lead to a drop towards the 1.07200-1.07600 demand area. 🔹 Confluence factors: Structure, liquidity, and institutional order flow align with this move.
📊 Trade Idea: ✅ Entry: Wait for a confirmation in the highlighted area ✅ Stop Loss: Above the invalidation level ✅ Take Profit: Lower demand zone
💡 Will this setup play out? Let’s see how the market reacts! Comment below with your thoughts! 🔥📉
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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.