$ENA SHORT 1H | The trend has a test at 0.23378
Why it matters: 1H trend and market structure are both bearish. The 15M trend also points bearish.
My read: A controlled entry around 0.23334–0.23421 keeps the continuation plan measured. TP1 maps to 1.4R; a move above 0.24068 invalidates the idea.
Entry zone: 0.23334–0.23421
Stop loss: 0.24068
Targets: TP1 0.22413 (1.4R) / TP2 0.2134 (2.95R) / TP3 0.21003 (3.44R)
Scale out: 20% / 30% / 50%
Is 1.4R to TP1 enough for the risk in this plan?
Why it matters: 1H trend and market structure are both bearish. The 15M trend also points bearish.
My read: A controlled entry around 0.23334–0.23421 keeps the continuation plan measured. TP1 maps to 1.4R; a move above 0.24068 invalidates the idea.
Entry zone: 0.23334–0.23421
Stop loss: 0.24068
Targets: TP1 0.22413 (1.4R) / TP2 0.2134 (2.95R) / TP3 0.21003 (3.44R)
Scale out: 20% / 30% / 50%
Is 1.4R to TP1 enough for the risk in this plan?