• Supply Zone (Red Box):
Price tapped into a clearly defined supply area around 2.27000–2.27474, indicating potential for bearish reversal.
• Rejection Candles:
Bearish rejection formed at the top of the zone with clear upper wicks, suggesting selling pressure.
• 200 EMA (Curved Line):
Price rallied into the supply from below the EMA, increasing the probability of a mean reversion move.
• Risk/Reward Box:
A short trade is shown with:
• Entry: Just under 2.27000
• Stop Loss: -2.27474
• Target: 2.22349, aligning with previous structure and EMA
Price tapped into a clearly defined supply area around 2.27000–2.27474, indicating potential for bearish reversal.
• Rejection Candles:
Bearish rejection formed at the top of the zone with clear upper wicks, suggesting selling pressure.
• 200 EMA (Curved Line):
Price rallied into the supply from below the EMA, increasing the probability of a mean reversion move.
• Risk/Reward Box:
A short trade is shown with:
• Entry: Just under 2.27000
• Stop Loss: -2.27474
• Target: 2.22349, aligning with previous structure and EMA
JOIN FREE TELEGRAM FOR SIGNALS & SETUPS:
t.me/forexlyfepublic
OUR WEBSITE:
forexlyfe.com
INSTAGRAM:
instagram.com/forexlyfe/
YOUTUBE: youtube.com/@Forexlyfe
t.me/forexlyfepublic
OUR WEBSITE:
forexlyfe.com
INSTAGRAM:
instagram.com/forexlyfe/
YOUTUBE: youtube.com/@Forexlyfe
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.
JOIN FREE TELEGRAM FOR SIGNALS & SETUPS:
t.me/forexlyfepublic
OUR WEBSITE:
forexlyfe.com
INSTAGRAM:
instagram.com/forexlyfe/
YOUTUBE: youtube.com/@Forexlyfe
t.me/forexlyfepublic
OUR WEBSITE:
forexlyfe.com
INSTAGRAM:
instagram.com/forexlyfe/
YOUTUBE: youtube.com/@Forexlyfe
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.