Market has broke and closed below short term support 2.0422.
I can see a sell signal.
The RR ratio is 1:1 if we look for first target i.e: 2.0304
If the market closes below the first target successfully then next target may also be achieved.
The R:R is not impressive but the market move seems strong that is why I have posted my analysis.
Simple chart without indicators.
Stop-Loss and Take Profit levels are shown in chart.
Good-luck.
Please note that this is based on my own technical analysis and is not a trading advice.
I can see a sell signal.
The RR ratio is 1:1 if we look for first target i.e: 2.0304
If the market closes below the first target successfully then next target may also be achieved.
The R:R is not impressive but the market move seems strong that is why I have posted my analysis.
Simple chart without indicators.
Stop-Loss and Take Profit levels are shown in chart.
Good-luck.
Please note that this is based on my own technical analysis and is not a trading advice.
Note
There is a typing Error in Post.Correct Levels are:
SELL Entry @ 2.0309
Stop-Loss @ 2.0704 +spread
Target@ 1.9887
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.