Entry Point: Around 1.3887 (marked near the peak of the current structure).
Target (TP): Around 1.0859 (near the lower support zone).
Stop Loss (SL): Around 1.5459 (above the resistance zone).
Key Levels
Resistance: ~1.3887 (current structure high) and ~1.5259 (upper boundary of channel).
Support: ~1.0859 (previous significant low and lower boundary of channel).
This setup suggests a short position with a favorable risk-to-reward ratio. Ensure you wait for confirmation signals like bearish candlestick patterns or volume confirmation before entering.
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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.