200 EMA (Blue) at 1.29285 – Represents long-term trend support/resistance.
30 EMA (Red) at 1.29329 – Represents short-term trend direction.
Trade Setup:
Entry: The trade seems to enter near the 30 EMA after price rejects a resistance zone (highlighted in purple).
Stop Loss: Placed above the resistance zone at around 1.29564 - 1.29568.
Take Profit Levels:
TP1: ~1.29250
TP2: ~1.28996
TP3: Final target at ~1.28827
Market Analysis:
The price has rejected the 30 EMA, signaling potential bearish movement.
The downtrend projection suggests a possible break below 1.29250, aiming for the lower support levels.
The risk-to-reward ratio appears favorable, with a tight stop loss and multiple profit-taking points.
Possible Scenarios:
Bearish Case (High Probability): If price stays below the 30 EMA, it may continue down towards the target points.
Bullish Case (Low Probability): If price breaks above the resistance zone, it could invalidate the short setup, triggering the stop loss.
Would you like a deeper analysis or confirmation with another indicator?
30 EMA (Red) at 1.29329 – Represents short-term trend direction.
Trade Setup:
Entry: The trade seems to enter near the 30 EMA after price rejects a resistance zone (highlighted in purple).
Stop Loss: Placed above the resistance zone at around 1.29564 - 1.29568.
Take Profit Levels:
TP1: ~1.29250
TP2: ~1.28996
TP3: Final target at ~1.28827
Market Analysis:
The price has rejected the 30 EMA, signaling potential bearish movement.
The downtrend projection suggests a possible break below 1.29250, aiming for the lower support levels.
The risk-to-reward ratio appears favorable, with a tight stop loss and multiple profit-taking points.
Possible Scenarios:
Bearish Case (High Probability): If price stays below the 30 EMA, it may continue down towards the target points.
Bullish Case (Low Probability): If price breaks above the resistance zone, it could invalidate the short setup, triggering the stop loss.
Would you like a deeper analysis or confirmation with another indicator?
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Disclaimer
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Join my telegram (COPY_TRADE)
t.me/TOP1INVEESTADMEN
Join my refrel broker link
one.exnesstrack.org/a/l1t1rf3p6v
t.me/TOP1INVEESTADMEN
Join my refrel broker link
one.exnesstrack.org/a/l1t1rf3p6v
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.