I'm taking a short position on #ZROUSDT after a Break of Structure (BOS) confirmed a shift in market direction, following a Change of Character (Choch).
Price retraced into the 15-minute Fair Value Gap (FVG) and tapped into the premium zone near the 0.5–0.618 Fibonacci level, offering a good entry for a short setup.
Entry: Around 2.98
Stop Loss: Above 3.07
Target: 2.88 - 2.8 - 2.67
Risk/Reward Ratio: 1:3.4
Waiting for follow-through to the downside. Trade safe and always manage your risk.
Price retraced into the 15-minute Fair Value Gap (FVG) and tapped into the premium zone near the 0.5–0.618 Fibonacci level, offering a good entry for a short setup.
Entry: Around 2.98
Stop Loss: Above 3.07
Target: 2.88 - 2.8 - 2.67
Risk/Reward Ratio: 1:3.4
Waiting for follow-through to the downside. Trade safe and always manage your risk.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.