Price in compression and have rejected few times in resistance 1633 (potential fakeout). Entry area at red zone since we have strong supply zone (Drop Base Drop) as well as Significant Support & Resistance. In addition, QML setup and Bearish Engulfing setup can be found in H4 Timeframe. Let's see the price action for this setup and keep tight the placement of stop loss.
Trade closed: target reached
Zero floating entry achieved :)
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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.