Overview:
A bearish reversal setup based on Fair Value Gaps (FVGs), a concept used in Smart Money trading strategies.
Key Technical Insights:
🔹 Fair Value Gap (FVG) Zones:
The price is approaching an FVG entry zone around 1.2700, which may act as resistance.
A second FVG zone is located around 1.2850 - 1.2900, offering a secondary entry for shorts.
🔹 Bearish Trade Setup:
The plan anticipates a reaction at the first FVG zone, leading to a downside move.
If price continues higher, the second FVG zone provides another opportunity to enter shorts.
🔹 Stop Loss & Target:
Stop Loss: Placed above 1.2928 to protect against invalidation.
Target: 1.2350 - 1.2400, aligning with previous demand zones and imbalance filling.
Trade Plan:
📌 Entry Strategy:
Watch for bearish confirmation (e.g., rejection candles, lower time frame structure shift) at the FVG entry zone.
If price moves beyond the first FVG, consider a second entry at 1.2850 - 1.2900.
📌 Exit Strategy:
Take Profit: At the 1.2350 - 1.2400 target zone for a favorable risk-to-reward trade.
Stop Loss: Above 1.2928 to mitigate risk.
Final Thoughts:
✅ Bearish bias unless price breaks above 1.2928.
✅ Look for rejection at FVG zones for ideal entries.
✅ Potential downside move towards 1.2350 target.
📉 Patience is key—wait for confirmation before entering! 🚀
A bearish reversal setup based on Fair Value Gaps (FVGs), a concept used in Smart Money trading strategies.
Key Technical Insights:
🔹 Fair Value Gap (FVG) Zones:
The price is approaching an FVG entry zone around 1.2700, which may act as resistance.
A second FVG zone is located around 1.2850 - 1.2900, offering a secondary entry for shorts.
🔹 Bearish Trade Setup:
The plan anticipates a reaction at the first FVG zone, leading to a downside move.
If price continues higher, the second FVG zone provides another opportunity to enter shorts.
🔹 Stop Loss & Target:
Stop Loss: Placed above 1.2928 to protect against invalidation.
Target: 1.2350 - 1.2400, aligning with previous demand zones and imbalance filling.
Trade Plan:
📌 Entry Strategy:
Watch for bearish confirmation (e.g., rejection candles, lower time frame structure shift) at the FVG entry zone.
If price moves beyond the first FVG, consider a second entry at 1.2850 - 1.2900.
📌 Exit Strategy:
Take Profit: At the 1.2350 - 1.2400 target zone for a favorable risk-to-reward trade.
Stop Loss: Above 1.2928 to mitigate risk.
Final Thoughts:
✅ Bearish bias unless price breaks above 1.2928.
✅ Look for rejection at FVG zones for ideal entries.
✅ Potential downside move towards 1.2350 target.
📉 Patience is key—wait for confirmation before entering! 🚀
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.