Trade Idea
Duration: Intraday
Expires: 15/07/2025 06:00
Technical Overview
No major events are expected in the next 24 hours, allowing technical dynamics to guide price action.
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: 8,905
- Target: 9,015
- Stop Loss: 8,867
Duration: Intraday
Expires: 15/07/2025 06:00
Technical Overview
- Price action is forming a potential bottom, suggesting that downside momentum is slowing.
- The primary trend remains bullish, with no clear indication that the broader uptrend is ending.
- The strategy favors buying on dips, supported by bespoke support at 8,905, offering a low-risk entry area.
- If price moves above 9,015, it would confirm a rebound and support a move toward higher resistance levels in subsequent sessions.
No major events are expected in the next 24 hours, allowing technical dynamics to guide price action.
Key Technical Levels
- Support: 8,915 / 8,620 / 8,390
- Resistance: 9,290 / 9,485 / 9,770
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.