The TRUMP/USD pair is consolidating near the strong horizontal support zone at 12.45–12.15, aligning with the 61.8% Fibonacci retracement of the previous bullish leg.
🔹 Key Levels & Scenario:
Support zone: 12.45–12.15 – price has repeatedly tested and held this area
Upside targets:
50% retracement at 14.096
78.6% retracement at 15.134
The pair is showing early signs of stabilization, suggesting a potential rebound toward these Fibonacci levels if the support holds.
📉 Invalidation:
A decisive daily close below 12.15 would invalidate the bullish bias and open the door for deeper retracement.
📌 Trading Plan:
Watching for price action signals (candlestick reversal or breakout) above 12.45
Targets: 14.096 and 15.134
SL: Below 12.15 for a conservative risk management approach
This idea focuses on the potential for a short-term reversal in a larger consolidation phase, supported by clear Fibonacci and horizontal confluence.
🔹 Key Levels & Scenario:
Support zone: 12.45–12.15 – price has repeatedly tested and held this area
Upside targets:
50% retracement at 14.096
78.6% retracement at 15.134
The pair is showing early signs of stabilization, suggesting a potential rebound toward these Fibonacci levels if the support holds.
📉 Invalidation:
A decisive daily close below 12.15 would invalidate the bullish bias and open the door for deeper retracement.
📌 Trading Plan:
Watching for price action signals (candlestick reversal or breakout) above 12.45
Targets: 14.096 and 15.134
SL: Below 12.15 for a conservative risk management approach
This idea focuses on the potential for a short-term reversal in a larger consolidation phase, supported by clear Fibonacci and horizontal confluence.
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.