$TAKE Bearish Momentum Setup...
The chart is showing clear rejection from the 0.060+ area, followed by lower highs and increasing selling pressure. The current structure favors a downside move if the 0.0510–0.0520 resistance zone continues to hold.
Entry Zone: 0.05050 – 0.05120
TP1: 0.04900
TP2: 0.04750
TP3: 0.04550
SL: 0.05420
Stay disciplined around the entry zone; a sustained move below 0.0500 can open the way for further downside...
The chart is showing clear rejection from the 0.060+ area, followed by lower highs and increasing selling pressure. The current structure favors a downside move if the 0.0510–0.0520 resistance zone continues to hold.
Entry Zone: 0.05050 – 0.05120
TP1: 0.04900
TP2: 0.04750
TP3: 0.04550
SL: 0.05420
Stay disciplined around the entry zone; a sustained move below 0.0500 can open the way for further downside...