📍 Entry: 1.17394 (Sell)
🛡️ Stop-Loss: 1.17560 (16.6 pips)
🎯 Take-Profit: 1.17049 (34.5 pips)
📈 Bias: Bearish Rejection From Premium Zone
Price has tapped into a higher-timeframe premium zone / supply, showing signs of exhaustion after sweeping liquidity above the previous strong high.
The market also retested a break of structure level and reacted bearish from the mitigation area.
📉 Trade Reasoning
Price swept the strong high → liquidity grab
Price entered the premium supply zone
Reaction from mitigation of trendline break
Clear risk-to-reward ~1:2.1
TP set near the equilibrium / discount zone
📝 Trade Setup Summary
Look for continuation to the downside
Protect the trade if price returns back inside the supply zone
Ideal for intraday to short-swing timeframe
🛡️ Stop-Loss: 1.17560 (16.6 pips)
🎯 Take-Profit: 1.17049 (34.5 pips)
📈 Bias: Bearish Rejection From Premium Zone
Price has tapped into a higher-timeframe premium zone / supply, showing signs of exhaustion after sweeping liquidity above the previous strong high.
The market also retested a break of structure level and reacted bearish from the mitigation area.
📉 Trade Reasoning
Price swept the strong high → liquidity grab
Price entered the premium supply zone
Reaction from mitigation of trendline break
Clear risk-to-reward ~1:2.1
TP set near the equilibrium / discount zone
📝 Trade Setup Summary
Look for continuation to the downside
Protect the trade if price returns back inside the supply zone
Ideal for intraday to short-swing timeframe
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.