Price is currently trading within a range, repeatedly rejecting the resistance zone around 95,000 USD. After multiple failed attempts to break higher, a bearish rejection candle formed, indicating strong selling pressure.
📊 Entry: 94,219
🛑 Stop Loss: 95,200
🎯 Take Profit: 91,997
📈 Risk/Reward Ratio: ~2.3
This idea will be invalidated if price closes strongly above 95,200, indicating a breakout instead of a rejection.
📊 Entry: 94,219
🛑 Stop Loss: 95,200
🎯 Take Profit: 91,997
📈 Risk/Reward Ratio: ~2.3
This idea will be invalidated if price closes strongly above 95,200, indicating a breakout instead of a rejection.
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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.