Short Setup | Clean Rejection at Local High
Price has recently tapped into a supply zone around 1.68, facing immediate rejection. A clean break of bullish momentum suggests a likely move downward as the market seeks liquidity and efficiency.
Entry: 1.6022
• Stop Loss: 1.6885 (above local high)
• Target 1: 1.4310 (intermediate structure support)
• Target 2 / Final TP: 1.0493 (macro demand zone)
Price has recently tapped into a supply zone around 1.68, facing immediate rejection. A clean break of bullish momentum suggests a likely move downward as the market seeks liquidity and efficiency.
Entry: 1.6022
• Stop Loss: 1.6885 (above local high)
• Target 1: 1.4310 (intermediate structure support)
• Target 2 / Final TP: 1.0493 (macro demand zone)
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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.