Bias: Rejection at weak high above PDH into premium zone with bearish divergence and overbought oscillator
🔍 Confluences:
✅ Price in premium zone
✅ Wick rejection at weak high
✅ Stochastic RSI double top + bearish divergence
✅ Price extended away from 9/EMA baseline
✅ Possible inducement sweep of PDH liquidity
✅ Low volume on final push (distribution behavior)
🎯 Sniper Entry Zone:
Entry (Short): 0.1440 – 0.1455
(Markets may try one more inducement wick above PDH. Set alerts and place partial limit above 0.1445)
💰 Take-Profit Range (TP1):
TP1 Range: 0.1300 – 0.1320
(Aligns with top of cloud / 4H equilibrium retest zone and PDL proximity)
TP2: 0.1220
(Targeting full EQ zone retest / liquidity void)
🛡️ Stop Loss (SL):
SL: 0.1476
(Hard stop just above the weak high and final supply zone. Small buffer for possible wick)
🧠 Risk-Reward (R:R):
TP1 R:R: ~2.8:1
TP2 R:R: ~5:1
⏳ Estimated Timeframe for TP1:
Within 6–12 hours, assuming the reversal confirms on 1H close and momentum follows through.
🚨 Tactical Notes:
Watch for 1H close back below 0.1410 as added confirmation.
Momentum divergence + overbought suggests exhaustion.
Lock in profits at TP1, trail SL to BE, and let rest run if targeting TP2.
🔍 Confluences:
✅ Price in premium zone
✅ Wick rejection at weak high
✅ Stochastic RSI double top + bearish divergence
✅ Price extended away from 9/EMA baseline
✅ Possible inducement sweep of PDH liquidity
✅ Low volume on final push (distribution behavior)
🎯 Sniper Entry Zone:
Entry (Short): 0.1440 – 0.1455
(Markets may try one more inducement wick above PDH. Set alerts and place partial limit above 0.1445)
💰 Take-Profit Range (TP1):
TP1 Range: 0.1300 – 0.1320
(Aligns with top of cloud / 4H equilibrium retest zone and PDL proximity)
TP2: 0.1220
(Targeting full EQ zone retest / liquidity void)
🛡️ Stop Loss (SL):
SL: 0.1476
(Hard stop just above the weak high and final supply zone. Small buffer for possible wick)
🧠 Risk-Reward (R:R):
TP1 R:R: ~2.8:1
TP2 R:R: ~5:1
⏳ Estimated Timeframe for TP1:
Within 6–12 hours, assuming the reversal confirms on 1H close and momentum follows through.
🚨 Tactical Notes:
Watch for 1H close back below 0.1410 as added confirmation.
Momentum divergence + overbought suggests exhaustion.
Lock in profits at TP1, trail SL to BE, and let rest run if targeting TP2.
Trade closed: target reached
Target 1 and 2 achieved
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.
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.