Trade Idea
Duration: Intraday
Expires: 13/08/2025 06:00
Technical Overview
Key Technical Levels
Next Volatile Events
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
- Type: Sell Limit
- Entry: 3810
- Target: 3679
- Stop Loss: 3856
Duration: Intraday
Expires: 13/08/2025 06:00
Technical Overview
- Price action is forming a top, suggesting a potential short-term reversal.
- Sentiment has turned negative, creating scope for a further correction lower.
- Hourly chart indicates room for limited upside before the downtrend resumes.
- Strategy is to sell into rallies, using a tight stop to capture a downside move.
Key Technical Levels
- Resistance: 3845 / 3950 / 4085
- Support: 3720 / 3630 / 3460
Next Volatile Events
- 13:30 – Consumer Price Index (MoM) – US
- 13:30 – Consumer Price Index ex Food & Energy (YoY) – US
- 13:30 – Consumer Price Index ex Food & Energy (MoM) – US
- 13:30 – Consumer Price Index (YoY) – US
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.