Price is consolidating below key resistance at $99,857–$101,307, with signs of rejection. A short setup is in play, targeting the daily FVG zone around $85,078. Bears are likely to stay in control unless price breaks above $101,307, which would invalidate this setup.
Trade idea: Maintain short bias, stop above $101,307, target $85,078. Monitor for reaction at the daily FVG for potential reversal opportunities.
Stay cautious and manage risk!
Trade idea: Maintain short bias, stop above $101,307, target $85,078. Monitor for reaction at the daily FVG for potential reversal opportunities.
Stay cautious and manage risk!
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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.