🔍 Setup Summary:
Price is trading within a bearish internal channel and has shown a reaction from a lower high inside the upper boundary. There’s clear intent to grab liquidity, possibly sweep the short-term high above the descending wedge, then reject sharply.
📉 Trade Idea:
Looking for price to spike up toward the upper channel resistance (~41,250–41,300), potentially sweep liquidity, then reject and break below the ascending trendline. A clean short could target the 15-min FVG zone and demand block around 40,600, with extended targets toward 40,300.
✅ Confluences:
Bearish market structure and channel
Potential liquidity sweep + internal market trap
Fair Value Gap + previous demand zones below
Trendline break setup for entry confirmation
📌 Bias: Bearish – short-term rally expected before a move lower
🕒 Timeframe: 15-minute chart
📈 Risk-to-Reward: 2.5–3:1 depending on entry point and target zone
⚠️ Disclaimer:
This is my personal outlook based on technical analysis. It is not financial advice. Always conduct your own research, manage risk appropriately, and use proper trade management. Markets carry risk — trade safe.
Price is trading within a bearish internal channel and has shown a reaction from a lower high inside the upper boundary. There’s clear intent to grab liquidity, possibly sweep the short-term high above the descending wedge, then reject sharply.
📉 Trade Idea:
Looking for price to spike up toward the upper channel resistance (~41,250–41,300), potentially sweep liquidity, then reject and break below the ascending trendline. A clean short could target the 15-min FVG zone and demand block around 40,600, with extended targets toward 40,300.
✅ Confluences:
Bearish market structure and channel
Potential liquidity sweep + internal market trap
Fair Value Gap + previous demand zones below
Trendline break setup for entry confirmation
📌 Bias: Bearish – short-term rally expected before a move lower
🕒 Timeframe: 15-minute chart
📈 Risk-to-Reward: 2.5–3:1 depending on entry point and target zone
⚠️ Disclaimer:
This is my personal outlook based on technical analysis. It is not financial advice. Always conduct your own research, manage risk appropriately, and use proper trade management. Markets carry risk — trade safe.
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.