Published: 17/04/2025 06:42
Expires: 18/04/2025 06:00
Duration: Intraday
🧠 Trade Summary
Risk/Reward Ratio: 1:2
Confidence Level: 46%
News Sentiment: 54%
📊 Technical View
While bulls have been in control, momentum is stalling.
Bearish divergence suggests limited upside potential.
Price action is showing signs of forming a top.
RSI is rolling over, indicating potential short-term weakness.
A break below 0.6315 would confirm bearish intent and trigger the short setup.
🔍 Key Levels
Resistance: 0.6380 / 0.6400 / 0.6425
Support: 0.6325 / 0.6275 / 0.6250
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Expires: 18/04/2025 06:00
Duration: Intraday
🧠 Trade Summary
- Type: Sell Stop
- Entry: 0.6315
- Target: 0.6205
- Stop Loss: 0.6370
Risk/Reward Ratio: 1:2
Confidence Level: 46%
News Sentiment: 54%
📊 Technical View
While bulls have been in control, momentum is stalling.
Bearish divergence suggests limited upside potential.
Price action is showing signs of forming a top.
RSI is rolling over, indicating potential short-term weakness.
A break below 0.6315 would confirm bearish intent and trigger the short setup.
🔍 Key Levels
Resistance: 0.6380 / 0.6400 / 0.6425
Support: 0.6325 / 0.6275 / 0.6250
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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.
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.