Price is showing early signs of a bullish reversal after a prolonged downtrend.
Currently testing the 200 EMA from below, a key decision zone.
Plan:
• Entry Zone: Above 1.550 (pending confirmation)
• SL: 1.519 (below recent demand zone)
• TP: 1.835
• RR: 1:5+
⚠️ If price reclaims the 200 EMA with strong volume, expect momentum toward 1.83.
Patience is key, let the setup confirm.
Currently testing the 200 EMA from below, a key decision zone.
Plan:
• Entry Zone: Above 1.550 (pending confirmation)
• SL: 1.519 (below recent demand zone)
• TP: 1.835
• RR: 1:5+
⚠️ If price reclaims the 200 EMA with strong volume, expect momentum toward 1.83.
Patience is key, let the setup confirm.
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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.