In the case of
$MKR , Bearish Butterfly, Bearish Bat, and ABCD setup D points correspond to around 1600 in the Bearish Libra Range you see on the chart. This region is also an important liquidity level from the past. Time Frame is at 4 hours. With the support of these harmonic setups, you can follow Bearish Price Action around 1600. This analysis is a setup with a very high score in terms of trigger analysis. I felt like sharing it with the community :) With the Bearish Price Action that may occur in this region, the price may first move up to around 1450. As TP 2, short positions can be carried up to around 1320, which is point C of Harmonic setups. This is now in the bullish libra region, so we should not push the short setup too hard at that point :)
Very important note: If sufficient bearish PA is not formed within the Bearish Libra zone and the price violates this zone upwards, the short setup will be invalid. Therefore, your priority should be to follow the PA on the 15, 30 minute and 1 hour charts when the price reaches this region. Afterwards, you can create a suitable RR by adding 1:1.5 ATR to your stop distance in a 1-hour period. This way, if the setup works, you won't get caught in Stop Hunt :)
I shared this trading idea both to be educational and for you to see an example of Top-Down advanced technical analysis. I tried to convey valuable information about how you can manage the position by explaining it in detail. The rest is now up to your ability to manage your position :) Normally, I don't share these posts outside of my group, but I aim to stop by here once in a while and help the community as a volunteer.
Good luck to everyone, good luck ✌🏻
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