The structure has shifted with a clear CHoCH (Change of Character), suggesting that bullish momentum is weakening. Price recently pulled back into a supply zone around 1.6140–1.6910, setting up a potential short opportunity.
🔍 Technical Breakdown:
Price broke below recent higher low = CHoCH confirmed
Bearish BOS followed by retracement into premium zone (FVG/Supply)
Expecting rejection and continuation to downside if price fails to reclaim 1.6140
🔧 Trade Plan:
Entry Area: 1.6140
Stoploss: Above 1.6910
Targets:
• TP1: 1.5290
• TP2: 1.4630
• TP3: 1.3500
This setup aligns with internal structure + supply zone + CHoCH. Wait for confirmation candle or bearish engulfing in entry area before executing.
🔍 Technical Breakdown:
Price broke below recent higher low = CHoCH confirmed
Bearish BOS followed by retracement into premium zone (FVG/Supply)
Expecting rejection and continuation to downside if price fails to reclaim 1.6140
🔧 Trade Plan:
Entry Area: 1.6140
Stoploss: Above 1.6910
Targets:
• TP1: 1.5290
• TP2: 1.4630
• TP3: 1.3500
This setup aligns with internal structure + supply zone + CHoCH. Wait for confirmation candle or bearish engulfing in entry area before executing.
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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.