Price has retraced and we can expect if price rejects the daily supply zone (around 109,354–111,246 USD) after a strong bearish impulse. This zone aligns with prior imbalance and bearish order flow, offering a high-probability sell limit opportunity.
Trade Setup Details:
Type: Sell Limit
Entry: 109,354
Stop Loss: 111,246
Take Profit: 98,780
Risk-Reward: 5.59R
Technical Context:
Daily structure remains bearish with lower highs forming.
The 30m supply zone confluences with the daily supply, reinforcing the rejection area.
Target set near previous demand base and liquidity sweep around 98,780.
Trade Plan:
Wait for price to tap into supply and show confirmation of rejection before executing. Manage risk responsibly and trail stop once price clears 1R.
Trade Setup Details:
Type: Sell Limit
Entry: 109,354
Stop Loss: 111,246
Take Profit: 98,780
Risk-Reward: 5.59R
Technical Context:
Daily structure remains bearish with lower highs forming.
The 30m supply zone confluences with the daily supply, reinforcing the rejection area.
Target set near previous demand base and liquidity sweep around 98,780.
Trade Plan:
Wait for price to tap into supply and show confirmation of rejection before executing. Manage risk responsibly and trail stop once price clears 1R.
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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.
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.