🔹 CHoCH (Change of Character) – 📉 A key shift in market structure indicating bearish momentum.
🔹 SBR + DBD Zone (Support Becomes Resistance & Drop Base Drop) – 🚧 This blue zone is a strong resistance area where sellers are likely to step in.
🔹 Stop Loss (🚨) – Positioned above 0.84742, marking a risk level if price moves against the trade.
🔹 Entry Zone (🔵) – Inside the resistance zone, where price is expected to reject and continue downward.
🔹 Target Zone (🎯) – 0.82553, indicating a potential profit of around 2.01% downward movement (-169.7 pips).
🔹 Bearish Confirmation (🔻) – Price already reacted to the zone, showing rejection.
This chart suggests a short-selling opportunity, expecting the price to drop further after rejecting resistance. 📊🔥
🔹 SBR + DBD Zone (Support Becomes Resistance & Drop Base Drop) – 🚧 This blue zone is a strong resistance area where sellers are likely to step in.
🔹 Stop Loss (🚨) – Positioned above 0.84742, marking a risk level if price moves against the trade.
🔹 Entry Zone (🔵) – Inside the resistance zone, where price is expected to reject and continue downward.
🔹 Target Zone (🎯) – 0.82553, indicating a potential profit of around 2.01% downward movement (-169.7 pips).
🔹 Bearish Confirmation (🔻) – Price already reacted to the zone, showing rejection.
This chart suggests a short-selling opportunity, expecting the price to drop further after rejecting resistance. 📊🔥
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join my tellegram channel
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join my refferal broker
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t.me/JaMesGoldFiGhteR786
join my refferal broker
xmglobal.com/referral?token=S4yGyqPUmU9uAANtb_YUoA
Related publications
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.