4H chart setup, here’s the sell setup analysis with potential Take Profit (TP) levels:
Sell Setup Overview:
Current Price: ~148.39
Resistance Zone: ~149.15–149.50
Bearish Reversal Indicated: Price rejected from resistance with a rounded top pattern.
Entry:
Sell Entry: Around 148.40–148.50, ideally after confirmation of a lower high or bearish candle close.
Take Profit Targets:
TP1 (1st Target): 146.50 – 146.10 zone
(First major support level based on structure)
TP2 (2nd Target): 144.65 – 144.60 zone
(Deeper support from previous price action zone)
Stop Loss:
SL: Above resistance zone, around 150.60–150.80
Risk Management Tip:
Risk-to-reward ratio should be at least 1:2. Consider trailing SL after TP1 is reached to protect profits.
Sell Setup Overview:
Current Price: ~148.39
Resistance Zone: ~149.15–149.50
Bearish Reversal Indicated: Price rejected from resistance with a rounded top pattern.
Entry:
Sell Entry: Around 148.40–148.50, ideally after confirmation of a lower high or bearish candle close.
Take Profit Targets:
TP1 (1st Target): 146.50 – 146.10 zone
(First major support level based on structure)
TP2 (2nd Target): 144.65 – 144.60 zone
(Deeper support from previous price action zone)
Stop Loss:
SL: Above resistance zone, around 150.60–150.80
Risk Management Tip:
Risk-to-reward ratio should be at least 1:2. Consider trailing SL after TP1 is reached to protect profits.
Trade active
Target 1 Successful 
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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.