- The price is approaching a supply zone near 119,450 – 120,000, where previous selling pressure
existed.
- Structure shows a potential lower high formation, signaling bearish momentum could continue.
- Risk-to-reward ratio looks favorable if entry triggers at 119,450 and target is 115,200.
- Confirmation with bearish candle rejection at the supply zone is recommended before
entering.
This is a sell setup aiming for a 420–450 pips move. Wait for price action confirmation near 119,450. If rejected, short positions may target 115,200.
existed.
- Structure shows a potential lower high formation, signaling bearish momentum could continue.
- Risk-to-reward ratio looks favorable if entry triggers at 119,450 and target is 115,200.
- Confirmation with bearish candle rejection at the supply zone is recommended before
entering.
This is a sell setup aiming for a 420–450 pips move. Wait for price action confirmation near 119,450. If rejected, short positions may target 115,200.
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.