$LAYER š„ TRADE AND INVEST HERE š„
Trade Setup (Short):
Entry: 1.1500 - 1.1520
Take Profit (TP): 1.1296
Stop Loss (SL): 1.1636
Price is currently reacting to the supply zone near 1.1600ā1.1635 after a rejection from lower highs. The bearish structure remains intact, and unless price breaks above the resistance zone, continuation to the downside is likely. A clean lower-high formation suggests momentum is shifting bearish again.
Market Outlook:
Volume has declined on the retracement, and strong rejection wicks indicate bearish pressure is dominating. If price fails to reclaim the resistance, bears are likely to take control with further downside pressure expected toward 1.1300 levels.
This is a high-risk bounce trade ā ideal for scalping or quick gains. Not financial advice ā always DYOR! ā
