Trade Idea
Duration: Intraday
Expires: 11/07/2025 06:00
Technical Overview
No significant economic events are scheduled in the next 24 hours, keeping the focus on technical factors.
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: 171.00
- Target: 172.50
- Stop Loss: 170.25
Duration: Intraday
Expires: 11/07/2025 06:00
Technical Overview
- The primary trend remains bullish, with no clear signs that the upward move is ending.
- While a correction is possible, it is expected to be contained within the broader uptrend, providing an opportunity to buy at lower levels.
- A move above 172.00 will confirm renewed bullish momentum, supporting a move toward 172.50, with a measured move target at 172.75.
- Current levels do not offer a good risk/reward for immediate buying, so waiting for a dip to 171.00 is preferred.
No significant economic events are scheduled in the next 24 hours, keeping the focus on technical factors.
Key Technical Levels
- Support: 172.00 / 171.50 / 171.00
- Resistance: 172.00 / 172.50 / 172.75
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.