Trade Idea
Duration: Intraday
Expires: 11/06/2025 06:00
Technical Overview
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: 3590
- Target: 3721
- Stop Loss: 3544
Duration: Intraday
Expires: 11/06/2025 06:00
Technical Overview
- Despite signs of a short-term top forming, the overall bias has turned positive, suggesting any downside may be corrective.
- Price is expected to pull back into bespoke support at 3590, providing a low-risk opportunity to rejoin the broader bullish move.
- The setup aligns with a buy-the-dip strategy, targeting a retest of resistance at 3721.
- Additional confirmation would come from a hold above 3630, reinforcing the short-term bullish outlook.
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.