Sell stop placed below recent low, aligning with higher timeframe trend.
📊 What we see:
• 1H trend clearly bearish (LL structure intact)
• 15M forming continuation after pullback
• Weak bullish retracement → likely correction, not reversal
• RSI rejecting mid-zone → bearish pressure remains
🎯 Trade Idea:
Sell on breakdown of 0.5718
Targeting continuation toward 0.5699
⚠️ Invalidation:
Break above 0.5737 shifts short-term bias
Overall: Trend + structure alignment → favoring downside continuation.
📊 What we see:
• 1H trend clearly bearish (LL structure intact)
• 15M forming continuation after pullback
• Weak bullish retracement → likely correction, not reversal
• RSI rejecting mid-zone → bearish pressure remains
🎯 Trade Idea:
Sell on breakdown of 0.5718
Targeting continuation toward 0.5699
⚠️ Invalidation:
Break above 0.5737 shifts short-term bias
Overall: Trend + structure alignment → favoring downside continuation.
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.
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.
