A Bearish Opportunity
The market has been forming a series of higher highs and higher lows, but with weaker broken highs. An hourly liquidity sweep led to a swift bearish movement, clearing the swing low at 1.47490. Anticipating a flip to level 1.48000 for a bearish entry.
Trade Plan:
- Entry: 1.48000
- Stop Loss: 1.48500 (50 pips)
- Target: 1.45912 (over 200 pips)
- Risk-Reward Ratio: [Insert ratio]
Market Analysis:
- Market structure: Higher highs and higher lows, with weaker broken highs
- Liquidity sweep: Hourly sweep led to a swift bearish movement
- Swing low: 1.47490
Trade Plan:
- Entry: 1.48000
- Stop Loss: 1.48500 (50 pips)
- Target: 1.45912 (over 200 pips)
- Risk-Reward Ratio: [Insert ratio]
Market Analysis:
- Market structure: Higher highs and higher lows, with weaker broken highs
- Liquidity sweep: Hourly sweep led to a swift bearish movement
- Swing low: 1.47490
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