๐ Trade Setup & Recommendation
๐ BEARISH SCENARIO (Primary Bias)
๐ BULLISH SCENARIO (Alternative Setup)
๐ Final Thoughts
๐ด Dominant Trend: Bearish
๐ด Indicators: MAs confirm selling pressure, Oscillators neutral
๐ด Watch for retracement to resistance for shorting opportunities
๐ข If 91.82 holds, a bounce to 94+ is possible
๐จ Trade Smart โ Use Stop Losses & Manage Risk Properly! ๐จ
๐ BEARISH SCENARIO (Primary Bias)
- Sell Zone: 94.50 - 95.50 (retest of resistance)
- Entry Confirmation: Bearish rejection candle near resistance
- Targets:
- TP1: 93.47 โ
- TP2: 92.99 โ
- TP3: 91.82 ๐ฏ
- Stop Loss: Above 96.00 (invalidates bearish setup)
๐ BULLISH SCENARIO (Alternative Setup)
- Buy Zone: 91.82 - 92.50 (if support holds)
- Entry Confirmation: Bullish engulfing candle, RSI > 45
- Targets:
- TP1: 94.00 ๐
- TP2: 95.50 ๐
- Stop Loss: Below 91.50 (breaks key support)
๐ Final Thoughts
๐ด Dominant Trend: Bearish
๐ด Indicators: MAs confirm selling pressure, Oscillators neutral
๐ด Watch for retracement to resistance for shorting opportunities
๐ข If 91.82 holds, a bounce to 94+ is possible
๐จ Trade Smart โ Use Stop Losses & Manage Risk Properly! ๐จ
Professor C. E. Ward
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Professor C. E. Ward
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.