Short $BAS main trend still drops sharply
Entry: 0.027500 => 0.028500
Take Profit (TP) Levels
TP 1: 0.026421 (or zone 0.026266)
Reason: This is the next short-term psychological support zone when looking across the price band on the right. Take partial profit here to ensure safety and bring the position back to breakeven (block the STL entry).
TP 2: 0.023226
Reason: Right on the blue dashed line labeled "Weak Low". This is an area of the old bottom that contains large liquidity. Price is very likely to sweep through this zone to hunt liquidity before any new reaction occurs.
TP 3: 0.021871 (or the bottom of the green box 0.021863)
Reason: This is the final target based on your desired R:R ratio on the drawing tool.
Stop Loss (STL): 0.032000 (Top edge of the red box)
Entry: 0.027500 => 0.028500
Take Profit (TP) Levels
TP 1: 0.026421 (or zone 0.026266)
Reason: This is the next short-term psychological support zone when looking across the price band on the right. Take partial profit here to ensure safety and bring the position back to breakeven (block the STL entry).
TP 2: 0.023226
Reason: Right on the blue dashed line labeled "Weak Low". This is an area of the old bottom that contains large liquidity. Price is very likely to sweep through this zone to hunt liquidity before any new reaction occurs.
TP 3: 0.021871 (or the bottom of the green box 0.021863)
Reason: This is the final target based on your desired R:R ratio on the drawing tool.
Stop Loss (STL): 0.032000 (Top edge of the red box)