📉 Bias: Bearish | Risk: 0.5% | 🎯 Target: 1:3
🧠 Reasoning:
Tapped Weekly EMA 🔵 and spiked up into previous Asia highs (liquidity grab) 💧.
Despite bullish appearance, HTF structure still supports shorts.
📍Entry:
5m OB with 5m BOS confirmation ✅ — 15m OB was too wide to use directly.
🛡️ SL: 17 pips — enough to cover the structure, no need for 20.
TP 1:4 but will take 75% off at 1:3.
🧠 Reasoning:
Tapped Weekly EMA 🔵 and spiked up into previous Asia highs (liquidity grab) 💧.
Despite bullish appearance, HTF structure still supports shorts.
📍Entry:
5m OB with 5m BOS confirmation ✅ — 15m OB was too wide to use directly.
🛡️ SL: 17 pips — enough to cover the structure, no need for 20.
TP 1:4 but will take 75% off at 1:3.
Order cancelled
Price didnt tagged us in, will be a nice orderblock for tomorrow, but i will need to see a nice reaction from the OB first, so no tap entry for tomorrow.
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.