Trade Idea
Duration: Intraday
Expires: 06/08/2025 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: Sell Limit
- Entry: 1.0798
- Target: 1.0697
- Stop Loss: 1.0833
Duration: Intraday
Expires: 06/08/2025 06:00
Technical Overview
- Bearish momentum remains intact, with no signs of reversal yet.
- The pair has stalled near the previous swing low at 1.0673, suggesting the downside move may soon resume.
- A corrective bounce is expected, offering an opportunity to sell into strength.
- Bespoke resistance sits at 1.0798, aligning with the entry level for this setup.
Key Technical Levels
- Resistance: 1.0905 / 1.1030 / 1.1120
- Support: 1.0740 / 1.0610 / 1.0535
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.