Trade Idea
Duration: Intraday
Expires: 03/07/2025 06:00
Technical Overview
Traders should be mindful of ECB President Lagarde’s speech at 15:15 UTC, which may influence overall risk sentiment and European indices.
Key Technical Levels
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
- Type: Buy Limit
- Entry: 23,600
- Target: 23,900
- Stop Loss: 23,450
Duration: Intraday
Expires: 03/07/2025 06:00
Technical Overview
- Recent price action suggests a bottom is forming, setting the stage for a potential upward move.
- Further upside is expected, but current levels offer a poor risk/reward for immediate buying — instead, waiting for a dip to 23,600 is preferred.
- A confirmed move above 23,750 would signal renewed bullish momentum, aligning with a measured move target around 24,000.
Traders should be mindful of ECB President Lagarde’s speech at 15:15 UTC, which may influence overall risk sentiment and European indices.
Key Technical Levels
- Support: 23,700 / 23,600 / 23,500
- Resistance: 23,800 / 23,900 / 24,000
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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.