Our point of reference is what the market has provided. The pair was supplied from price 158.750 on 10-01-2025 making that price level our resistance. Price failed to push below 146.750 on 11-03-2025 and this will serve as a demand price. Price has retraced to 38% of the bearish move. Therefore in the short term, the pair is bullish. The market can play out the following scenarios.
And long term is bearish.
So if you want to buy, you can
entry price 150 (buy stop)
take profit 152.5
stop loss 149.25
lot size 0.01
For those of us who wants to sell, we let the bulls run out
entry price 146.750 (sell stop)
take profit 140
stop loss 150
lot size 0.01
Disclaimer: Not a trading advice, practice on demo account from your broker
If you like my post give it boost so that others can find it. If you disagree with my bias, leave a comment and let's chat
- It can be complete bullishness that completes the retracement or
- It can be 61% retracement or
- The move can void the retracement bias and the main move becomes bullish
And long term is bearish.
So if you want to buy, you can
entry price 150 (buy stop)
take profit 152.5
stop loss 149.25
lot size 0.01
For those of us who wants to sell, we let the bulls run out
entry price 146.750 (sell stop)
take profit 140
stop loss 150
lot size 0.01
Disclaimer: Not a trading advice, practice on demo account from your broker
If you like my post give it boost so that others can find it. If you disagree with my bias, leave a comment and let's chat
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.