🔻 TRADE IDEA – EUR/USD SHORT (T2 TRAP REVERSAL)
📍 ENTRY ZONE: 1.1560 – 1.1580
🎯 TARGETS:
• TP1 = 1.150
• TP2 = 1.140
• TP3 = 1.130
• TP4 = 1.120
🛡️ STOP LOSS: 1.1600 (above Tier 2 trap extension)
📐 STRUCTURE SNAPSHOT:
• T1 (Macro): 🔻 Down
• T2 (Structure): 🔻 Trap Zone Active (161.8%)
• T3 (Execution): ⚠️ Rejection confirmed via M1 spike + engulf
• T4 (Micro): 🧨 Trap spike → lower high forming
📊 EXECUTION LOGIC:
• M1 rejection at 1.1580 confirmed
• Bearish engulf candle formed post-spike
• Multiple shorts laddered (1.1565 / 1.1580)
• SL held above extension zone
• Price now below both entries
🚦 TRADE STATE: ⚔️ ARMED
• Add-on only valid under 1.1560
• SL trail after 1.1550 break
• No long bias unless 1.1610 breaks with body close
#Renko #FractalCodex #EURUSD #ShortSetup #TrapReversal #Fibonacci #PriceAction
📍 ENTRY ZONE: 1.1560 – 1.1580
🎯 TARGETS:
• TP1 = 1.150
• TP2 = 1.140
• TP3 = 1.130
• TP4 = 1.120
🛡️ STOP LOSS: 1.1600 (above Tier 2 trap extension)
📐 STRUCTURE SNAPSHOT:
• T1 (Macro): 🔻 Down
• T2 (Structure): 🔻 Trap Zone Active (161.8%)
• T3 (Execution): ⚠️ Rejection confirmed via M1 spike + engulf
• T4 (Micro): 🧨 Trap spike → lower high forming
📊 EXECUTION LOGIC:
• M1 rejection at 1.1580 confirmed
• Bearish engulf candle formed post-spike
• Multiple shorts laddered (1.1565 / 1.1580)
• SL held above extension zone
• Price now below both entries
🚦 TRADE STATE: ⚔️ ARMED
• Add-on only valid under 1.1560
• SL trail after 1.1550 break
• No long bias unless 1.1610 breaks with body close
#Renko #FractalCodex #EURUSD #ShortSetup #TrapReversal #Fibonacci #PriceAction
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Related publications
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.