Trade Idea
Risk/Reward Ratio: 2:1
Duration: Intraday
Expires: 04/06/2025 06:00
Technical Overview
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
- Type: Sell Limit
- Entry: 1.3750
- Target: 1.3650
- Stop Loss: 1.3800
Risk/Reward Ratio: 2:1
Duration: Intraday
Expires: 04/06/2025 06:00
Technical Overview
- The recent correction higher is likely complete, with price testing strong resistance near 1.3750.
- A move through 1.3700 will confirm renewed bearish momentum.
- This area aligns with multiple technical resistance levels, making it a strategic zone to initiate shorts.
- The measured move target is 1.3625, but this setup looks to capture the move to 1.3650 for a higher probability win.
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.