$ELSA is losing momentum after getting rejected from the upper FVG/Fibonacci zone. Price is now pressing the 0.0475 area, where another rejection could open the downside.
📍 Entry: 0.04750–0.04850
🎯 TP1: 0.04500
🎯 TP2: 0.04238
🎯 TP3: 0.04065
🛑 SL: 0.05050
I’d avoid chasing the move. A 5M/15M bearish CHoCH/BOS after a liquidity sweep would give cleaner confirmation.
The key zone below is 0.04238–0.04065, marked as the order-block area on the chart.
⚠️ Manage leverage carefully.
$RE
$BANK
📍 Entry: 0.04750–0.04850
🎯 TP1: 0.04500
🎯 TP2: 0.04238
🎯 TP3: 0.04065
🛑 SL: 0.05050
I’d avoid chasing the move. A 5M/15M bearish CHoCH/BOS after a liquidity sweep would give cleaner confirmation.
The key zone below is 0.04238–0.04065, marked as the order-block area on the chart.
⚠️ Manage leverage carefully.
$RE
$BANK
