SMC Trading point update
updated chart provides a more refined bearish outlook for EUR/USD. Here's the idea behind this analysis:
---
Market Structure Overview:
Resistance Level: ~1.14292
Mid Support Zone: ~1.13500
Major Support (Target Point): ~1.12658
Current Price: 1.13787
---
Indicators:
EMA 200 (1.12174): Price is above the 200 EMA, indicating an overall bullish bias, but that may be weakening.
RSI (14): Around 54.37, slightly bullish but neutral—no strong momentum.
---
Trading Idea:
1. Short-Term Bullish Move:
Price is expected to rise to test the resistance level around 1.14292.
2. Bearish Reversal at Resistance:
From there, a rejection is anticipated, leading to a drop back to the mid support (~1.13500).
3. Break Below Mid Support:
If the price fails to hold the mid support zone, a breakdown is likely to continue toward the target point at 1.12658, which aligns with the previous big support level.
Mr SMC Trading point
---
Strategy Suggestion:
Sell Setup 1: At resistance (~1.14292), with confirmation like bearish candles or divergence on RSI.
Sell Setup 2: On breakdown and retest of the 1.13500 support zone.
Take Profit: Target at 1.12658.
Stop Loss: Above 1.14300 or above the most recent swing high.
---
Pales support boost 🚀 analysis follow)
updated chart provides a more refined bearish outlook for EUR/USD. Here's the idea behind this analysis:
---
Market Structure Overview:
Resistance Level: ~1.14292
Mid Support Zone: ~1.13500
Major Support (Target Point): ~1.12658
Current Price: 1.13787
---
Indicators:
EMA 200 (1.12174): Price is above the 200 EMA, indicating an overall bullish bias, but that may be weakening.
RSI (14): Around 54.37, slightly bullish but neutral—no strong momentum.
---
Trading Idea:
1. Short-Term Bullish Move:
Price is expected to rise to test the resistance level around 1.14292.
2. Bearish Reversal at Resistance:
From there, a rejection is anticipated, leading to a drop back to the mid support (~1.13500).
3. Break Below Mid Support:
If the price fails to hold the mid support zone, a breakdown is likely to continue toward the target point at 1.12658, which aligns with the previous big support level.
Mr SMC Trading point
---
Strategy Suggestion:
Sell Setup 1: At resistance (~1.14292), with confirmation like bearish candles or divergence on RSI.
Sell Setup 2: On breakdown and retest of the 1.13500 support zone.
Take Profit: Target at 1.12658.
Stop Loss: Above 1.14300 or above the most recent swing high.
---
Pales support boost 🚀 analysis follow)
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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.
(Services:✔️ JOIN Telegram channel
#Gold trading ★Analysis★ 📊
Gold trading signals 🚀 99%
t.me/SmcTradingPoin
Join my recommended broker , link 👇
World best broker exness ✅D
one.exnesstrack.org/a/l1t1rf3p6v
#Gold trading ★Analysis★ 📊
Gold trading signals 🚀 99%
t.me/SmcTradingPoin
Join my recommended broker , link 👇
World best broker exness ✅D
one.exnesstrack.org/a/l1t1rf3p6v
Related publications
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.