$NIL Short Setup 1h Chart🔴
🔶 Falling channel fakeout and rejection
Price moved inside a falling channel with lower highs. It swept above the PDH near 0.0586 to 0.0592 and got rejected right away with a long upper wick. The next red candle pulled price back under the channel top and sellers took control. Price now sits at 0.0577 under the swept high. If it stays under the channel top a drop toward the PDL at 0.0553 is likely. A close under that level opens the way to 0.0540.
🔴Short Entry 0.05771
👇👇 Click To Open Chart 👇👇
✅ Take Profits
TP1 0.05680
TP2 0.05600
TP3 0.05525
❌ Stop Loss 0.05921
#nil
🔶 Falling channel fakeout and rejection
Price moved inside a falling channel with lower highs. It swept above the PDH near 0.0586 to 0.0592 and got rejected right away with a long upper wick. The next red candle pulled price back under the channel top and sellers took control. Price now sits at 0.0577 under the swept high. If it stays under the channel top a drop toward the PDL at 0.0553 is likely. A close under that level opens the way to 0.0540.
🔴Short Entry 0.05771
👇👇 Click To Open Chart 👇👇
✅ Take Profits
TP1 0.05680
TP2 0.05600
TP3 0.05525
❌ Stop Loss 0.05921
#nil
