$BR - SHORT
Trade Plan:
Entry: 0.11076 – 0.11150
SL: 0.11469
TP1: 0.10846
TP2: 0.10668
TP3: 0.10401
Why this setup?
Despite the bullish daily trend, the 4H setup is armed for a short. RSI on the 15M is deeply oversold at 28.58, suggesting a minor bounce into the entry zone (0.11076 - 0.11150) is the prime SHORT opportunity. High 80% confidence signals a strong counter-trend move.
Debate:
Is this a classic bull trap on the higher timeframe, or will the daily trend overpower the 4H signal?
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BR
Alpha
0.1196
+13.52%