Trade Idea
Duration: Intraday
Expires: 05/08/2025 06:00
Technical Overview
Key Technical Levels
Resistance: 0.6500 / 0.6530 / 0.6560
Support: 0.6440 / 0.6420 / 0.6400
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: 0.6510
- Target: 0.6430
- Stop Loss: 0.6530
Duration: Intraday
Expires: 05/08/2025 06:00
Technical Overview
- Medium-term bias remains bearish despite recent intraday volatility.
- A temporary move higher is anticipated, offering a setup to sell into strength.
- Bespoke resistance at 0.6510 provides a strategic entry level for short positions.
- The trade targets a move toward 0.6430, with potential support seen just below.
Key Technical Levels
Resistance: 0.6500 / 0.6530 / 0.6560
Support: 0.6440 / 0.6420 / 0.6400
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.