$OPEN spiked into the 0.172 high with 4H completely maxed out, pullback to EMA support is the play.
trade plan: short $OPEN
entry: 0.1700 to 0.1725
stop loss: 0.1800
targets
tp1: 0.1650
tp2: 0.1618
tp3: 0.1560
move sl to entry after tp1.
click 👇 and short $OPEN
Daily is bullish with SAR at 0.14846 and price above all EMAs, but the 4H Stoch RSI is pinned at 100 with price trading well above the upper Bollinger Band at 0.16600, signaling short term exhaustion after the vertical move. The 4H structure shows no consolidation after the spike, which makes a mean reversion toward the 4H EMA7 at 0.16209 highly probable before any continuation. On the 1H, price rejected the 0.17231 swing high and Stoch RSI is rolling over from 83, confirming the trigger for the short entry. A 1H close below the EMA7 at 0.16783 seals the confirmation. The key risk is daily momentum being strong enough to push straight through without a meaningful pullback.
risk max 1 to 2%.