FET · 1H · DOWNTREND
The two-step short from my last read is still live and unchanged — price never reached the 0.1460–0.1475 entry zone, so the confirmation never triggered, and nothing about the structure has changed to invalidate it. The low since that read hit 0.1344, so the downtrend has continued grinding lower exactly as mapped, but the rally I needed to short into simply hasn't come. Price is at 0.1406 now, still below my entry zone, still in a clean sequence of lower highs and lower lows on the 1H, with the daily trend confirming the same direction. The prior read's targets — 0.1307 and 0.1280 — are both dense liquidation clusters sitting below, still the structural objectives. Nothing has changed except that price is marginally lower, which only makes the trade more extended from the entry I want. I'm not chasing it here mid-range.
CONTINUATION SCENARIO
Carried forward from
Sun, 08 Nov 2026 · SHORT (conditional, two-step)
Confirmation
0.1460
Already defined — on a rally to the 0.1460–0.1475 zone, a 1H close back below 0.1455 confirms the rejection; that zone has not traded since the read was published, so the trigger remains open.
Invalidation
0.1510
1H close above 0.1510 — reclaims the EMA cluster and breaks the lower-high sequence; stop distance = 0.0055.
Target 1
0.1307
Dense liquidation cluster below; R/R = 2.7:1.
Target 2
0.1280
Next dense liquidation cluster, deeper structural objective.
Confidence
MEDIUM — structure is fully intact, but the absence of the rally for two consecutive reads suggests price may resolve the downtrend without the bounce
Resistance: 0.1460–0.1475 (two-step entry zone, prior support flipped) / 0.1510 (invalidation, EMA cluster)
Support: 0.1344 (recent swing low) / 0.1307 (dense liquidation cluster, Target 1) / 0.1280 (dense liquidation cluster, Target 2)
This is not financial advice. Content is AI-generated.