A Bearish Opportunity
The market has been forming a series of higher highs and higher lows, but with weaker broken highs. An hourly liquidity sweep led to a swift bearish movement, clearing the swing low at 1.47490. Anticipating a flip to level 1.48000 for a bearish entry.
Trade Plan:
- Entry: 1.48000
- Stop Loss: 1.48500 (50 pips)
- Target: 1.45912 (over 200 pips)
- Risk-Reward Ratio: [Insert ratio]
Market Analysis:
- Market structure: Higher highs and higher lows, with weaker broken highs
- Liquidity sweep: Hourly sweep led to a swift bearish movement
- Swing low: 1.47490
Trade Plan:
- Entry: 1.48000
- Stop Loss: 1.48500 (50 pips)
- Target: 1.45912 (over 200 pips)
- Risk-Reward Ratio: [Insert ratio]
Market Analysis:
- Market structure: Higher highs and higher lows, with weaker broken highs
- Liquidity sweep: Hourly sweep led to a swift bearish movement
- Swing low: 1.47490
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.