1️⃣ Fibonacci Golden Ratio (61.8%) Rejection:
Price is reacting at the golden ratio level.
Strong resistance zone → Possible reversal signal.
2️⃣ Volume-Weighted Moving Average (VWMA) → Light Sell Condition:
Price is struggling to hold above VWMA.
Momentum weakening, confirming bearish pressure.
3️⃣ Smart Money Concept (SMC) Order Block Above Price:
Liquidity grab above order block → Smart Money may push price lower.
Potential short setup with tight invalidation.
📉 Possible Trade Setup:
🔹 Short Entry: Near 61.8% Fib + VWMA confluence.
🔹 Stop-Loss: Above 78.6% Fib level or recent high.
🔹 Target: 50% or 23.6% Fib retracement levels for TP1 & TP2.
🔹 Extra Confirmation: Watch for bearish candle patterns (e.g., engulfing, pin bars).
Price is reacting at the golden ratio level.
Strong resistance zone → Possible reversal signal.
2️⃣ Volume-Weighted Moving Average (VWMA) → Light Sell Condition:
Price is struggling to hold above VWMA.
Momentum weakening, confirming bearish pressure.
3️⃣ Smart Money Concept (SMC) Order Block Above Price:
Liquidity grab above order block → Smart Money may push price lower.
Potential short setup with tight invalidation.
📉 Possible Trade Setup:
🔹 Short Entry: Near 61.8% Fib + VWMA confluence.
🔹 Stop-Loss: Above 78.6% Fib level or recent high.
🔹 Target: 50% or 23.6% Fib retracement levels for TP1 & TP2.
🔹 Extra Confirmation: Watch for bearish candle patterns (e.g., engulfing, pin bars).
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.