Current Market Condition:
📌 Trade Signals
🔹 BUY (Long) Setup
📍 Entry: 2.25180 - 2.25380 (Near Support Zone)
🎯 Targets:
TP1: 2.25680
TP2: 2.26180
TP3: 2.27000 (Major Resistance)
🛑 Stop-Loss: Below 2.24650
📌 Confirmation for Long:
✔️ Bullish candle rejection from support
✔️ Increased buying pressure (long wicks, bullish engulfing pattern)
✔️ RSI oversold or bullish divergence
🔻 SELL (Short) Setup
📍 Entry: 2.25680 - 2.26180 (If Price Retraces)
🎯 Targets:
TP1: 2.25380
TP2: 2.25180
TP3: 2.24650 (Breakdown Level)
🛑 Stop-Loss: Above 2.26500
📌 Confirmation for Short:
✔️ Bearish rejection from resistance
✔️ Lower high formation
✔️ Increased selling volume
📌 Breakout Scenario:
If 2.24650 breaks with strong bearish momentum, expect further downside to 2.24000.
If 2.26180 breaks, price may push higher towards 2.27000+.
📉 Bias:
Short-term bullish if price holds 2.25180.
Bearish breakdown expected if 2.24650 is breached.
- The pair is in a downtrend, with lower highs and lower lows forming.
- Price is testing a strong support zone around 2.25180, previously respected as a demand area.
- A potential reversal or continuation breakdown is likely.
📌 Trade Signals
🔹 BUY (Long) Setup
📍 Entry: 2.25180 - 2.25380 (Near Support Zone)
🎯 Targets:
TP1: 2.25680
TP2: 2.26180
TP3: 2.27000 (Major Resistance)
🛑 Stop-Loss: Below 2.24650
📌 Confirmation for Long:
✔️ Bullish candle rejection from support
✔️ Increased buying pressure (long wicks, bullish engulfing pattern)
✔️ RSI oversold or bullish divergence
🔻 SELL (Short) Setup
📍 Entry: 2.25680 - 2.26180 (If Price Retraces)
🎯 Targets:
TP1: 2.25380
TP2: 2.25180
TP3: 2.24650 (Breakdown Level)
🛑 Stop-Loss: Above 2.26500
📌 Confirmation for Short:
✔️ Bearish rejection from resistance
✔️ Lower high formation
✔️ Increased selling volume
📌 Breakout Scenario:
If 2.24650 breaks with strong bearish momentum, expect further downside to 2.24000.
If 2.26180 breaks, price may push higher towards 2.27000+.
📉 Bias:
Short-term bullish if price holds 2.25180.
Bearish breakdown expected if 2.24650 is breached.
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.