On the 15-minute timeframe, MOVE is showing a bearish market structure, with a change of character (ChOCH) confirming the trend.
📉 Key Insights:
✔️ London Session ORB Breakout: An Order Block (ORB) was formed in the London session, followed by a breakout, leading to a 5% drop.
✔️ Descending Channel: Price is moving within a clear channel, and we are targeting another 5% drop towards $0.4921.
✔️ Smart Money Approach: Shorting from the upper resistance of the channel with proper risk management and leverage can result in great profits.
✔️ Trade Invalidation: If price moves back to the change of character line, the setup will be invalidated.
⚡ Plan: Watch price action carefully—if the structure holds, we aim for the next 5% move down with precision! 🚀