Trade Idea
Duration: Intraday
Expires: 22/07/2025 06:00
Technical Overview
No significant economic events are expected in the next 24 hours, reducing the risk of volatility shocks.
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: 1.9495
- Target: 1.9675
- Stop Loss: 1.9435
Duration: Intraday
Expires: 22/07/2025 06:00
Technical Overview
- The short-term bias remains positive, with price action forming higher highs and higher lows.
- The pullback is expected to remain contained near yesterday’s low, around the 1.9472 support zone.
- 50-period 4H EMA at 1.9509 offers dynamic support and aligns closely with entry, reinforcing the buy-on-dip setup.
- This trade presents a favorable opportunity to ride bullish momentum toward 1.9675 resistance.
No significant economic events are expected in the next 24 hours, reducing the risk of volatility shocks.
Key Technical Levels
- Support: 1.9472 / 1.9440 / 1.9355
- Resistance: 1.9570 / 1.9600 / 1.9650
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.