Current Level: ~1.1662
Revised Entry Zone: 🔄 Buy the dip around 1.1660–1.1670
This aligns with 50-day EMA and daily/4H pivot (~1.1630–1.1670) acting as support.
Stop Loss: 1.1630 (just below 50 EMA & recent low)
Target: 1.1750 → 1.1800 (range high/resistance)
Risk:Reward: ~1:3.8
âś… Institutional Rationale:
Momentum remains bullish, though momentum indicators are cooling—price retesting structural support (mid-BB, pivot zone).
Weekly outlook still favors bulls while above 1.1637–1.1670—suggesting accumulated buy orders in this zone.
Event risk: U.S. employment and Fed speakers imminent—creates ideal buy-on-dip opportunities with tight stops.
Revised Entry Zone: 🔄 Buy the dip around 1.1660–1.1670
This aligns with 50-day EMA and daily/4H pivot (~1.1630–1.1670) acting as support.
Stop Loss: 1.1630 (just below 50 EMA & recent low)
Target: 1.1750 → 1.1800 (range high/resistance)
Risk:Reward: ~1:3.8
âś… Institutional Rationale:
Momentum remains bullish, though momentum indicators are cooling—price retesting structural support (mid-BB, pivot zone).
Weekly outlook still favors bulls while above 1.1637–1.1670—suggesting accumulated buy orders in this zone.
Event risk: U.S. employment and Fed speakers imminent—creates ideal buy-on-dip opportunities with tight stops.
ALL TIME HIGH TRADER
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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.
ALL TIME HIGH TRADER
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.