$TRUMP short: 1.69 on the 4H is the resistance I'm watching sellers defend đ
Trend is down and RSI is already stretched, so I'm not chasing the drop. I want a push into 1.69 and a reaction there, not a chase.
What backs it:
- 4H price 1.69 sits below EMA50 1.84, so trend structure still favors sellers
- Daily below EMA200 2.36: the bigger trend is on this side
- Risk 1.9% to SL vs 3.0% to TP3, about 1.6R if the full move plays out
đŽ SHORT · Entry 1.684â1.689 · TP 1.668 / 1.655 / 1.636 · SL 1.719
Rejection at 1.69, or push through?
NFA · DYOR
Trend is down and RSI is already stretched, so I'm not chasing the drop. I want a push into 1.69 and a reaction there, not a chase.
What backs it:
- 4H price 1.69 sits below EMA50 1.84, so trend structure still favors sellers
- Daily below EMA200 2.36: the bigger trend is on this side
- Risk 1.9% to SL vs 3.0% to TP3, about 1.6R if the full move plays out
đŽ SHORT · Entry 1.684â1.689 · TP 1.668 / 1.655 / 1.636 · SL 1.719
Rejection at 1.69, or push through?
NFA · DYOR