Trade Idea
Technical Overview
No major economic events are expected in the next 24 hours, allowing technical factors to dominate intraday price action.
Key Technical Levels
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: 1.9367
- Target: 1.9549
- Stop Loss: 1.9306
- Duration: Intraday
- Expires: 04/07/2025 06:00
Technical Overview
- The short-term bias remains positive, with intraday dips consistently attracting buyers.
- Price action suggests that the sequence of higher lows and higher highs is still intact, with no clear sign of trend exhaustion.
- Trendline support at 1.9330 and the 20-period 4H EMA at 1.9366 align near the proposed entry, strengthening the support zone.
- A rebound from this area could confirm continuation toward resistance at 1.9549.
No major economic events are expected in the next 24 hours, allowing technical factors to dominate intraday price action.
Key Technical Levels
- Support: 1.9360 / 1.9327 / 1.9262
- Resistance: 1.9438 / 1.9488 / 1.9550
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.