OM Short Trade Opportunity
Market Context:
OM appears to have completed its fifth wave upward, suggesting a potential correction phase. Weak macro fundamentals and liquidity on the downside indicate that a break of support could lead to further downside movement.
Trade Details:
Entry Zone: Around $7.7
Take Profit Targets:
$7.0
$6.1
$5.4
Stop Loss: Daily close above $8.3
This setup aims to capitalize on a breakdown of support and capture momentum toward lower liquidity zones. 📉
OM appears to have completed its fifth wave upward, suggesting a potential correction phase. Weak macro fundamentals and liquidity on the downside indicate that a break of support could lead to further downside movement.
Trade Details:
Entry Zone: Around $7.7
Take Profit Targets:
$7.0
$6.1
$5.4
Stop Loss: Daily close above $8.3
This setup aims to capitalize on a breakdown of support and capture momentum toward lower liquidity zones. 📉
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.