Current Situation:
: Price is around 3326
: There’s a strong previous uptrend, and now price is recovering from a recent dip.
Trade Setup Explanation :
Bullish Phase (Short-Term Buy Idea)
: First Buy Zone: Current price up to the all-time high zone around 3355.
: The chart anticipates a short-term bullish push, likely to retest the ATH area.
: This zone is considered a liquidity grab or “trap” area, where price could reject and reverse.
Main Sell Zone:
> Sell Zone Identified: 3355–3360 area.
> This is a key resistance zone with:
> Previous multiple rejections (marked by red arrows).
> It's also where sellers are expected to be strong.
Sell Target Path:
1: TP1 = 3305 – Minor support, first logical reaction zone.
2: Price is then expected to range around 3305–3295 (highlighted in purple).
3: After consolidation, the expectation is a bearish continuation.
>>Final Target = 3255 – A major support zone and final destination of the swing short.<<
: Price is around 3326
: There’s a strong previous uptrend, and now price is recovering from a recent dip.
Trade Setup Explanation :
Bullish Phase (Short-Term Buy Idea)
: First Buy Zone: Current price up to the all-time high zone around 3355.
: The chart anticipates a short-term bullish push, likely to retest the ATH area.
: This zone is considered a liquidity grab or “trap” area, where price could reject and reverse.
Main Sell Zone:
> Sell Zone Identified: 3355–3360 area.
> This is a key resistance zone with:
> Previous multiple rejections (marked by red arrows).
> It's also where sellers are expected to be strong.
Sell Target Path:
1: TP1 = 3305 – Minor support, first logical reaction zone.
2: Price is then expected to range around 3305–3295 (highlighted in purple).
3: After consolidation, the expectation is a bearish continuation.
>>Final Target = 3255 – A major support zone and final destination of the swing short.<<
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t.me/GoldenpipsFXtrader
t.me/GoldenpipsFXtrader
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.
Thank you for visiting us! Join us for more trading insights and signals.
t.me/GoldenpipsFXtrader
t.me/GoldenpipsFXtrader
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.