Trade Idea Summary:
Price action has been consistently printing a bearish structure, with multiple CHoCHs confirming intent to push lower. The most recent CHoCH at the bottom aligns with a strong mitigation block and break of internal liquidity.
We identified a potential supply zone aligned with a trendline retest + fair value gap (FVG). This area showed clear confluence for entry, and a sell limit was placed last Friday — which has now been triggered.
Price action has been consistently printing a bearish structure, with multiple CHoCHs confirming intent to push lower. The most recent CHoCH at the bottom aligns with a strong mitigation block and break of internal liquidity.
We identified a potential supply zone aligned with a trendline retest + fair value gap (FVG). This area showed clear confluence for entry, and a sell limit was placed last Friday — which has now been triggered.
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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.