📊 *EURGBP 15M — Short Opportunity*
🔍 *Market Structure:*
✅ Trend: Strong downtrend — series of Lower Highs (LH) and Lower Lows (LL) intact.
✅ Price just rejected a key supply zone (~0.85307), forming a new LH.
🎯 *Trade Setup:*
👉 Entry: 0.85296
🛑 Stop Loss: 0.85524 (above last LH/supply zone)
🏆 Take Profit: 0.84818 (next swing low target)
⚠ *Why Short?*
- Bearish structure with no signs of reversal.
- Price retested the broken level and failed to reclaim.
- Favorable risk-reward (~1:2.5).
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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.