Short tine frame strategy
Key Order Blocks to Watch:
18587: High probability for initiating a bearish move if the price strongly rejects this level.
18520 & 18504: Moderate probability of acting as temporary support levels; monitor these for any continuation of bearish momentum.
18430: High probability as a critical support level. If the price reaches and breaks this level, it could confirm a stronger bearish trend.
Strategy:
Short Position Entry: Consider entering a short position if the price rejects the 18587 level with clear bearish signals.
Stop Loss: Place your stop loss slightly above 18587 to manage risk.
Take Profit Levels: Consider taking profits around 18520 and 18504. If bearish momentum continues, aim for 18430 as a further take profit level.
Monitoring:
Pay close attention to how the price reacts at 18520 and 18504. A strong breach below these levels indicates continued bearish strength.
If the price breaks below 18430, it may signal a more significant downward move, potentially extending your short position.
18587: High probability for initiating a bearish move if the price strongly rejects this level.
18520 & 18504: Moderate probability of acting as temporary support levels; monitor these for any continuation of bearish momentum.
18430: High probability as a critical support level. If the price reaches and breaks this level, it could confirm a stronger bearish trend.
Strategy:
Short Position Entry: Consider entering a short position if the price rejects the 18587 level with clear bearish signals.
Stop Loss: Place your stop loss slightly above 18587 to manage risk.
Take Profit Levels: Consider taking profits around 18520 and 18504. If bearish momentum continues, aim for 18430 as a further take profit level.
Monitoring:
Pay close attention to how the price reacts at 18520 and 18504. A strong breach below these levels indicates continued bearish strength.
If the price breaks below 18430, it may signal a more significant downward move, potentially extending your short position.
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