Entry: 97.50 (current price)
Target (TP): 96.500 or below
Stop Loss (SL): ~97.80 (above recent swing high or resistance)
Risk Management: Essential — position size based on SL distance and account size
🔍 Trade Rationale:
Technical View: Price may be forming a lower high, suggesting possible downside continuation.
Fundamental Pressure:
Market cautious on Fed rate path
Tariff uncertainty could weaken USD
Upcoming FOMC minutes may add pressure if dovish signals emerge
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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.