📉 Scalp Short – TA
Strong overbought conditions across multiple timeframes, especially on the 15m chart, signal exhaustion. A long bearish candle indicates growing selling pressure and potential for a sharp correction. After extreme overbought levels, a reversal into oversold territory is likely.
🎯 Trade Setup:
Take Profit (TP): 0.0448
Stop Loss (SL): 0.06641
Risk/Reward Ratio (RR): 1 : 3.96
A high-risk, high-reward short setup based on momentum exhaustion and early confirmation of selling strength.
Strong overbought conditions across multiple timeframes, especially on the 15m chart, signal exhaustion. A long bearish candle indicates growing selling pressure and potential for a sharp correction. After extreme overbought levels, a reversal into oversold territory is likely.
🎯 Trade Setup:
Take Profit (TP): 0.0448
Stop Loss (SL): 0.06641
Risk/Reward Ratio (RR): 1 : 3.96
A high-risk, high-reward short setup based on momentum exhaustion and early confirmation of selling strength.
Trade closed: stop reached
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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.