Timeframe: 15-Minute (M15)
Ideal for short-term scalping or intraday setups.
Resistance Zone (Entry):
Price is testing 0.93780–0.93800, showing clear rejection — potential short entry zone.
Bearish Rejection:
Wick rejections and failure to close above resistance confirm selling pressure.
Stop Loss:
Placed slightly above resistance, near 0.93830.
Target Zone:
Marked at 0.93180–0.93200, previously tested demand/support area.
Price Action Bias:
Current structure suggests lower high forming, supporting bearish bias.
Risk-to-Reward:
Healthy RRR setup with limited upside risk and wide downside potential.
==========================================================
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Ideal for short-term scalping or intraday setups.
Resistance Zone (Entry):
Price is testing 0.93780–0.93800, showing clear rejection — potential short entry zone.
Bearish Rejection:
Wick rejections and failure to close above resistance confirm selling pressure.
Stop Loss:
Placed slightly above resistance, near 0.93830.
Target Zone:
Marked at 0.93180–0.93200, previously tested demand/support area.
Price Action Bias:
Current structure suggests lower high forming, supporting bearish bias.
Risk-to-Reward:
Healthy RRR setup with limited upside risk and wide downside potential.
==========================================================
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Trade active
1:3+ RR Done
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Disclaimer
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📈 Trade Smarter with TradZoo!
🔗 Website: bit.ly/tradzoopage
📣 Telegram: t.me/tradzooIndex
📲 Android App: bit.ly/TradZooApp
📲 Forex App:tradzoo.com/forex/download
🍎 iOS App: bit.ly/TradZoo-iOS-App
🔗 Website: bit.ly/tradzoopage
📣 Telegram: t.me/tradzooIndex
📲 Android App: bit.ly/TradZooApp
📲 Forex App:tradzoo.com/forex/download
🍎 iOS App: bit.ly/TradZoo-iOS-App
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.