Bearish Sentiment
across the 2-hour, 1-hour, and 30-minute timeframes indicates a bearish trend. A significant observation is the price action within a confluence zone, identified as an Optimal Trade Entry (OTE) on the 30-minute chart, which also aligns with an area of imbalance (Fair Value Gap) on the 1-hour timeframe.
favoring short positions may be considered. Potential entry points could be sought on minor retracements, with prudent stop-loss placement above the identified OTE zone or recent swing highs. The primary objective would be to target the identified sell-side liquidity.
across the 2-hour, 1-hour, and 30-minute timeframes indicates a bearish trend. A significant observation is the price action within a confluence zone, identified as an Optimal Trade Entry (OTE) on the 30-minute chart, which also aligns with an area of imbalance (Fair Value Gap) on the 1-hour timeframe.
favoring short positions may be considered. Potential entry points could be sought on minor retracements, with prudent stop-loss placement above the identified OTE zone or recent swing highs. The primary objective would be to target the identified sell-side liquidity.
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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.