Trend Shift Confirmation Setup - Eurusd short setup

1 set 2024

Market Context:

• Current Trend: The market appears to be in a bullish phase.
  
• Counter-Idea: Following a tap on the Fair Value Gap (FVG) formed on July 18th, a potential shift toward a bearish trend exists.
  

Setup Breakdown:
SSR Flip Area:

• A multi-tested SSR flip zone has been identified around 1.12032, having been tested three times. This indicates a strong potential for selling opportunities.
  
• The latest test of this zone occurred on Monday, August 26th, which resulted in a structural shift in the market. This shift has led to the taking out of a daily low, suggesting a reversal in price direction.
  

Entry Analysis:

• Key areas were initially mapped out on the daily timeframe and then refined on the hourly chart.
  
• Previous liquidity areas that align with the current price movement were identified to enhance the entry strategy.
  
• Additionally, areas exhibiting the strongest volume were mapped to ensure they are in proximity to the entry zone.
  
• The ideal entry point was determined where the breaker block and FVG intersect, creating a confluence of signals.
  

Risk Management:

• The entry was strategically placed at the middle of the breaker block, FVG, and SSR flip areas. This approach ensures an optimum entry point while managing risk effectively.
  
• It is crucial to emphasize that traders should conduct their own analysis before executing any trades.
  

Important Reminder:
Risk Management:

• If you decide to take this trade, be sure not to risk more than 1% of your capital to safeguard your investment. Trading inherently carries risks, so it’s essential to trade wisely and make informed decisions.
  

19 set 2024

Trade attivo

active and running

18 nov 2024

Trade chiuso: obiettivo raggiunto