Trend Shift Confirmation Setup - Eurusd short setup

1 Sep 2024

Market Context:

• Current Trend: The market appears to be in a bullish phase.
  
• Counter-Idea: Following a tap on the Fair Value Gap (FVG) formed on July 18th, a potential shift toward a bearish trend exists.
  

Setup Breakdown:
SSR Flip Area:

• A multi-tested SSR flip zone has been identified around 1.12032, having been tested three times. This indicates a strong potential for selling opportunities.
  
• The latest test of this zone occurred on Monday, August 26th, which resulted in a structural shift in the market. This shift has led to the taking out of a daily low, suggesting a reversal in price direction.
  

Entry Analysis:

• Key areas were initially mapped out on the daily timeframe and then refined on the hourly chart.
  
• Previous liquidity areas that align with the current price movement were identified to enhance the entry strategy.
  
• Additionally, areas exhibiting the strongest volume were mapped to ensure they are in proximity to the entry zone.
  
• The ideal entry point was determined where the breaker block and FVG intersect, creating a confluence of signals.
  

Risk Management:

• The entry was strategically placed at the middle of the breaker block, FVG, and SSR flip areas. This approach ensures an optimum entry point while managing risk effectively.
  
• It is crucial to emphasize that traders should conduct their own analysis before executing any trades.
  

Important Reminder:
Risk Management:

• If you decide to take this trade, be sure not to risk more than 1% of your capital to safeguard your investment. Trading inherently carries risks, so it’s essential to trade wisely and make informed decisions.
  

19 Sep 2024

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18 Nov 2024

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