$NXPC #scalper #ScalperClub #NXPCUSD
Current bias: 🔴 Bearish | Immediate action: WAIT
Your chart shows a prolonged downtrend, followed by a sharp upward spike and an even sharper sell-off. Price is now near the Weak Low / lower support area.
Market structure: Bearish
Repeated BOS downward and lower highs indicate sellers have been in control.
🔴 SELL setup
Avoid selling directly into the current low.
Wait for a bounce toward the nearest broken support/resistance zone.
Look for bearish rejection and a lower high.
Entry: After bearish candle-close confirmation.
SL: Above the pullback swing high.
TP: Retest of the recent low; consider further downside only if it breaks and holds below support.
Current bias: 🔴 Bearish | Immediate action: WAIT
Your chart shows a prolonged downtrend, followed by a sharp upward spike and an even sharper sell-off. Price is now near the Weak Low / lower support area.
Market structure: Bearish
Repeated BOS downward and lower highs indicate sellers have been in control.
🔴 SELL setup
Avoid selling directly into the current low.
Wait for a bounce toward the nearest broken support/resistance zone.
Look for bearish rejection and a lower high.
Entry: After bearish candle-close confirmation.
SL: Above the pullback swing high.
TP: Retest of the recent low; consider further downside only if it breaks and holds below support.