EURGBP SELLTracking EUR/GBP on the 15-minute timeframe, we see a potential short opportunity from a key supply zone.
Key Zones & Setup:
🟣 Bearish Order Block (Supply Zone): 0.83800 - 0.83830
This area acted as strong resistance, where institutional traders likely positioned sell orders.
Expecting price to push into this zone before reversing lower.
Break of Structure (BOS) on lower timeframes (M5/M1) is needed for confirmation.
🔵 Target Area (Demand Zone): 0.83450
If the supply zone holds, price could drop toward this key demand level.
This zone aligns with previous BOS levels and price reactions.
Trade Plan:
📈 Waiting for price to push into the supply zone (0.83800 - 0.83830).
🔎 Looking for BOS on lower timeframes (M5/M1) before shorting.
✅ Entering a sell position upon confirmation.
🎯 Targeting the 0.83450 demand zone.
⚠️ Stop-loss above 0.83830 to manage risk.
Market Outlook:
If price fails to break structure, we avoid shorts and reassess.
This setup follows smart money concepts (SMC) with a focus on BOS and order blocks.
💬 What do you think? Are you seeing the same setup? 🚀🔥
