1. Entry Point: ~102.430
The price is currently below this level at 101.583, suggesting a potential short setup once the entry level is reached or confirmed.
2. Stop Loss: ~103.196
This is the price level where losses are limited if the trade moves against the intended direction. It's placed above a strong resistance zone.
3. Resistance Point: ~100.580
This was a previous resistance level which has now been broken, indicating a bullish push. The current price is above this, which may signal a breakout.
4. EA Target Point: ~97.857
The take-profit level, significantly lower, indicating a bearish target. This suggests a short position is intended from the entry point.
Indicators and Signals
The chart uses moving averages (likely 50 EMA and 200 EMA), and the price has surged above them, often a bullish signal.
However, the analysis seems to anticipate a reversal from the 102.430 level, expecting a drop back down toward 97.857.
The move from the current price to the target would be a 4.40% decline, a significant move for an index.
Trade Plan Summary
Trade Type: Likely a short/sell from the 102.430 level.
Risk: ~0.77 (103.196 - 102.430)
Reward: ~4.57 (102.430 - 97.857)
Risk-to-Reward Ratio: Approx. 1:6, which is favorable if the setup works out.
The price is currently below this level at 101.583, suggesting a potential short setup once the entry level is reached or confirmed.
2. Stop Loss: ~103.196
This is the price level where losses are limited if the trade moves against the intended direction. It's placed above a strong resistance zone.
3. Resistance Point: ~100.580
This was a previous resistance level which has now been broken, indicating a bullish push. The current price is above this, which may signal a breakout.
4. EA Target Point: ~97.857
The take-profit level, significantly lower, indicating a bearish target. This suggests a short position is intended from the entry point.
Indicators and Signals
The chart uses moving averages (likely 50 EMA and 200 EMA), and the price has surged above them, often a bullish signal.
However, the analysis seems to anticipate a reversal from the 102.430 level, expecting a drop back down toward 97.857.
The move from the current price to the target would be a 4.40% decline, a significant move for an index.
Trade Plan Summary
Trade Type: Likely a short/sell from the 102.430 level.
Risk: ~0.77 (103.196 - 102.430)
Reward: ~4.57 (102.430 - 97.857)
Risk-to-Reward Ratio: Approx. 1:6, which is favorable if the setup works out.
Trade active
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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.