Short $WLD : 0.3428–0.3437 is where sellers need to show up on the 4H
Price sits under the 4H EMA50 at 0.381, so structure leans short. I want a rejection in that zone. A close above 0.349 and the idea is dead.
SHORT 0.3428–0.3437
TP 0.3400 / 0.3377 / 0.3344
SL 0.3488
What backs it:
- Structure is with the sellers, price 0.343 sits below the 4H EMA50 at 0.381
- Higher up it agrees too, daily price is below the EMA200 at 0.413
- Risk 1.6% to SL vs 2.6% to TP3, about 1.6R if the full move plays out
Rejection at 0.3428 or a push through 0.349?
Not advice. Your risk.
Price sits under the 4H EMA50 at 0.381, so structure leans short. I want a rejection in that zone. A close above 0.349 and the idea is dead.
SHORT 0.3428–0.3437
TP 0.3400 / 0.3377 / 0.3344
SL 0.3488
What backs it:
- Structure is with the sellers, price 0.343 sits below the 4H EMA50 at 0.381
- Higher up it agrees too, daily price is below the EMA200 at 0.413
- Risk 1.6% to SL vs 2.6% to TP3, about 1.6R if the full move plays out
Rejection at 0.3428 or a push through 0.349?
Not advice. Your risk.
