Price is currently reacting from a strong demand zone between 2.0719 – 2.0798, showing potential for an upside move.
Entry is planned within this zone, with stop loss set at 1.9933 to protect capital.
The target is placed at 2.2812, aligning with previous resistance levels.
This trade setup offers a solid Risk/Reward Ratio of 1:2.7, making it a favorable opportunity for swing traders.
Strategy:
Support-based long position after confirmation of rejection from the demand zone. Wait for bullish confirmation before entry.
Entry is planned within this zone, with stop loss set at 1.9933 to protect capital.
The target is placed at 2.2812, aligning with previous resistance levels.
This trade setup offers a solid Risk/Reward Ratio of 1:2.7, making it a favorable opportunity for swing traders.
Strategy:
Support-based long position after confirmation of rejection from the demand zone. Wait for bullish confirmation before entry.
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.