🔍 Trade Breakdown:
Price aggressively rallied into a previous supply zone (highlighted in green), showing signs of buyer exhaustion near the top.
📌 Entry: 0.59125
🛑 Stop Loss: 0.59235 (11 pips)
🎯 Take Profit: 0.58775 (35 pips)
🎯 Risk:Reward = ~1:3.2
💡 Why I Took It:
Market had a strong push up, but into a clear imbalance + supply zone
Bearish reaction candles on the 15m showing rejection from the zone
High R:R opportunity with a tight SL just above the wick rejection
Price aggressively rallied into a previous supply zone (highlighted in green), showing signs of buyer exhaustion near the top.
📌 Entry: 0.59125
🛑 Stop Loss: 0.59235 (11 pips)
🎯 Take Profit: 0.58775 (35 pips)
🎯 Risk:Reward = ~1:3.2
💡 Why I Took It:
Market had a strong push up, but into a clear imbalance + supply zone
Bearish reaction candles on the 15m showing rejection from the zone
High R:R opportunity with a tight SL just above the wick rejection
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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.