Entry Point: Around 3,409.33 - 3,408.41 USD.
Stop Loss: 3,437.87 USD.
Target (Take Profit): 3,222.53 USD.
Risk/Reward Ratio: Approximately 1:6, which is favorable.
📉 Price Action & Trend Analysis:
A rising wedge (or channel) appears to have formed and broken to the downside — a bearish signal.
The current price at 3,341.47 has broken below a minor support zone (highlighted in purple), indicating bearish momentum.
Price is now approaching the 200 EMA, which is acting as potential dynamic support.
📌 Key Levels Highlighted:
Support Zones: Near 3,347.47 (previous minor support) and 3,222.53 (main target zone).
Resistance Zones: At the entry level and above, near 3,437.87 (Stop Loss zone).
🔄 Indicators:
Moving Averages (Red and Blue Lines): Shorter-term moving average (red) is below the longer-term (blue), indicating downward pressure.
Momentum Shift: The sharp drop suggests a likely continuation of the bearish trend.
Stop Loss: 3,437.87 USD.
Target (Take Profit): 3,222.53 USD.
Risk/Reward Ratio: Approximately 1:6, which is favorable.
📉 Price Action & Trend Analysis:
A rising wedge (or channel) appears to have formed and broken to the downside — a bearish signal.
The current price at 3,341.47 has broken below a minor support zone (highlighted in purple), indicating bearish momentum.
Price is now approaching the 200 EMA, which is acting as potential dynamic support.
📌 Key Levels Highlighted:
Support Zones: Near 3,347.47 (previous minor support) and 3,222.53 (main target zone).
Resistance Zones: At the entry level and above, near 3,437.87 (Stop Loss zone).
🔄 Indicators:
Moving Averages (Red and Blue Lines): Shorter-term moving average (red) is below the longer-term (blue), indicating downward pressure.
Momentum Shift: The sharp drop suggests a likely continuation of the bearish trend.
Trade active
Trade closed: target reached
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Join my telegram (COPY_TRADE)
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Join my refrel broker link
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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.