๐ $CFG REJECTION + BEARISH ENGULFING, SHORT SETUP
Short $CFG
Entry: 0.1680 โ 0.1750
SL: 0.1870
TP1: 0.1600
TP2: 0.1520
TP3: 0.1450
Price has faced a sharp rejection from the high of 0.1855, where a long upper wick formed followed by a bearish engulfing candle. This is a clear sign that selling pressure is very high at higher levels and buyers have lost momentum.
Current structure suggests that if the price holds below the 0.1700 zone, we may see further downside. RSI is sliding down from the overbought region, indicating a bearish reversal. Short entries on pullbacks will provide a better risk-reward ratio. ๐ฅ
Click below to Take Trade
$CFG
Short $CFG
Entry: 0.1680 โ 0.1750
SL: 0.1870
TP1: 0.1600
TP2: 0.1520
TP3: 0.1450
Price has faced a sharp rejection from the high of 0.1855, where a long upper wick formed followed by a bearish engulfing candle. This is a clear sign that selling pressure is very high at higher levels and buyers have lost momentum.
Current structure suggests that if the price holds below the 0.1700 zone, we may see further downside. RSI is sliding down from the overbought region, indicating a bearish reversal. Short entries on pullbacks will provide a better risk-reward ratio. ๐ฅ
Click below to Take Trade
$CFG