This setup leverages Smart Money Concepts (SMC) on the 15-minute timeframe for a high-probability short.
Key Details:
Entry: Retracement into a Fair Value Gap (FVG) within the discount zone after a bearish Market Structure Shift (MSS).
Target (TP): 1.43345, aligned with Sell-Side Liquidity (SSL) below a key swing low.
Stop Loss (SL): Just above the FVG...
Analysis Overview:
I am analyzing the EUR/USD pair across the 1-hour and 15-minute timeframes for a potential bearish reversal setup. The primary focus is on identifying bearish divergence between price and the RSI.
Key Observations:
1-Hour Chart (H1):
The price is currently approaching a key resistance zone around 1.0540 - 1.0573, as indicated by previous...
Trading Idea on 1-Hour Chart (H1):
The EUR/USD pair is showing signs of a potential bearish continuation after testing a key resistance zone around 1.0540 - 1.0544, which aligns with a previously broken downward trendline.
The market structure on the H1 timeframe indicates lower highs, suggesting sellers are regaining control.
Technical...
