In this analysis, a potential short opportunity is identified at the 15-minute order block (OB) around 2643. Price has shown a reaction from this zone, suggesting a possible rejection and continuation to the downside. This OB acts as a key supply area where sellers might regain control.
The bearish structure indicates that the price could aim for the previous low as a target, aligning with the broader downtrend and liquidity resting below those levels.
Key Levels:
Entry: 2643 (15-Min OB)
Target: Previous swing low/liquidity zones below
Stop Loss: Above the OB
This setup aligns with a trend-following strategy, targeting the continuation of bearish momentum while managing risk effectively.
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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.