Trade Idea
Duration: Intraday
Expires: 05/08/2025 06:00
Technical Overview
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: 1.9485
- Target: 1.9655
- Stop Loss: 1.9428
Duration: Intraday
Expires: 05/08/2025 06:00
Technical Overview
- Yesterday’s Marabuzo support level is at 1.9475, offering a strong potential reversal point.
- Short-term bias has turned positive following a reaction from the recent low at 1.9284.
- The 20-period 4H EMA is aligning at 1.9471, supporting the idea of dip-buying.
- A temporary pullback is anticipated, providing a tactical entry for continuation higher.
Key Technical Levels
- Resistance: 1.9625 / 1.9650 / 1.9679
- Support: 1.9535 / 1.9500 / 1.9400
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.