Market context remains weak on higher timeframes.
Price is trading below the 100 & 200 SMA on H1 / H4, maintaining a bearish structure.
The recent move is considered a technical pullback, not a trend reversal.
I’m looking to sell into resistance after the retracement.
Trade plan:
Entry: 91,350 (sell limit)
Stop loss: 92,050
TP1: 90,200
TP2: 89,600
TP3: 88,800 (runner)
This setup is based on:
Lower high structure
Rejection zone near moving averages
RSI cooling after pullback
If price breaks and closes above 92,000 on H1, the idea is invalidated and the order will be canceled.
No chasing price.
If it doesn’t reach the level, no trade.
Price is trading below the 100 & 200 SMA on H1 / H4, maintaining a bearish structure.
The recent move is considered a technical pullback, not a trend reversal.
I’m looking to sell into resistance after the retracement.
Trade plan:
Entry: 91,350 (sell limit)
Stop loss: 92,050
TP1: 90,200
TP2: 89,600
TP3: 88,800 (runner)
This setup is based on:
Lower high structure
Rejection zone near moving averages
RSI cooling after pullback
If price breaks and closes above 92,000 on H1, the idea is invalidated and the order will be canceled.
No chasing price.
If it doesn’t reach the level, no trade.
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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.