Trade Idea
Duration: Intraday
Expires: 06/06/2025 21:00
Technical Overview
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
- Type: Buy Limit
- Entry: 0.9365
- Target: 0.9400
- Stop Loss: 0.9355
Duration: Intraday
Expires: 06/06/2025 21:00
Technical Overview
- Trading has been volatile and mixed, but recent price structure shows signs of bottoming behavior.
- A temporary move lower into support is expected before buyers regain control.
- Bespoke support at 0.9365 aligns with the Buy Limit entry, providing an opportunity to position within the forming base.
- The upside objective is a modest but meaningful move to 0.9400, aligning with short-term resistance.
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.