Bias: Shorts
R:R 4:1
Confluences
Macro
Weekly - Multiple rejection candles off of monthly key level 186.000 price zone
4h - Market structure broke BELOW consolidating structure and is now retesting previous
structural low ~ validating the now current bearish condition market.
4h - Fair Value Gap sell side imbalance filled with encroachment area being retested (entry zone
almost aligns with said encroachment area)
4h - Structural break and retest below Q2 high Key level at prize zone (183.500)
Micro
1h/30m - Trading within intra-day timespan BEARISH CHANNEL
30m/15m - Buy side liquidity zone tapped and respected further confirming shorts bias
30m/15m - Last week Thursday US session zone as entry zone
5m - Entered off of this timeframe
Remarks: NO DAILY CONFLUENCE (Daily timeframe actually goes against overall bias)
R:R 4:1
Confluences
Macro
Weekly - Multiple rejection candles off of monthly key level 186.000 price zone
4h - Market structure broke BELOW consolidating structure and is now retesting previous
structural low ~ validating the now current bearish condition market.
4h - Fair Value Gap sell side imbalance filled with encroachment area being retested (entry zone
almost aligns with said encroachment area)
4h - Structural break and retest below Q2 high Key level at prize zone (183.500)
Micro
1h/30m - Trading within intra-day timespan BEARISH CHANNEL
30m/15m - Buy side liquidity zone tapped and respected further confirming shorts bias
30m/15m - Last week Thursday US session zone as entry zone
5m - Entered off of this timeframe
Remarks: NO DAILY CONFLUENCE (Daily timeframe actually goes against overall bias)
Note
As always, monitoring the rest of position on the 4 hourly timeframe.Trade active
Position achieved 1:1 ~ stops moved to breakeven, mitigating risk- awaiting for rest of trade to play out or stop loss being tapped
Trade closed: stop reached
Stops were tapped @ BREAKEVEN during ASIA session yesterday
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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.