Trade Idea
Duration: Intraday
Expires: 27/06/2025 21:00
Technical Overview
With no major economic events scheduled in the next 24 hours, market movement is expected to be technically driven.
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: 0.8515
- Target: 0.8569
- Stop Loss: 0.8497
Duration: Intraday
Expires: 27/06/2025 21:00
Technical Overview
- Daily signals are mildly bullish, with a Doji candle forming near the base, indicating potential indecision or reversal.
- The lack of aggressive selling suggests bearish momentum is fading, and buyers may soon regain control.
- The 20-day EMA at 0.8505 underpins the structure, offering dynamic support near the entry level.
- With resistance aligning just above at 0.8569, the setup offers a clean risk/reward structure.
With no major economic events scheduled in the next 24 hours, market movement is expected to be technically driven.
Key Technical Levels
- Support: 0.8508 / 0.8490 / 0.8470
- Resistance: 0.8530 / 0.8540 / 0.8565
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.