TRUMP/USD is holding firm at a major confluence zone; the bottom of a month-long consolidation box and a clean uptrend line that’s been respected since early May.
Price is compressing just above the $12.30–$12.50 support zone, setting the stage for a potential breakout attempt if demand holds. Volatility has dried up, signaling accumulation.
Technical Breakdown:
Support: ~$12.30 horizontal + rising trendline
Resistance 1: ~$13.50 (mid-range reaction zone)
Resistance 2: ~$14.80–$15.00 (top of the range)
Breakout Target: $16.40 (April high), $18.80 (fib extension)
Strategy:
Buy Zone: $12.30–$12.60 (trendline support)
Add-on: Break and hold above $15.00
Stop: Close below $12.00 or trendline violation
Invalidation: Breakdown with volume under $12.00
Let price confirm strength above $13.50 and volume surge above $15 — don’t chase, trade the structure, not the emotion.
*REMEMBER, everything is probability, nothing is investment advice. Educational only!
Price is compressing just above the $12.30–$12.50 support zone, setting the stage for a potential breakout attempt if demand holds. Volatility has dried up, signaling accumulation.
Technical Breakdown:
Support: ~$12.30 horizontal + rising trendline
Resistance 1: ~$13.50 (mid-range reaction zone)
Resistance 2: ~$14.80–$15.00 (top of the range)
Breakout Target: $16.40 (April high), $18.80 (fib extension)
Strategy:
Buy Zone: $12.30–$12.60 (trendline support)
Add-on: Break and hold above $15.00
Stop: Close below $12.00 or trendline violation
Invalidation: Breakdown with volume under $12.00
Let price confirm strength above $13.50 and volume surge above $15 — don’t chase, trade the structure, not the emotion.
*REMEMBER, everything is probability, nothing is investment advice. Educational only!
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.