Under current market conditions, the area near 1.3849 has been identified as a critical resistance zone, where the AI model detects a high-probability trade setup.
From a technical perspective, a clear directional bias based on recent price action patterns. Suppose the market demonstrates increased volume and price stability above key moving averages in the 1.3849 area. In that case, traders are advised to monitor for trend-continuation entry opportunities in alignment with the prevailing momentum.
Profit targets are defined at 1.3819 and 1.3785, corresponding to logical technical support zones. These levels are designed for staged profit-taking across different trade management styles. Stop-loss should be strictly enforced at the designated level; once breached, the strategy is considered invalidated in order to limit potential downside.
From a technical perspective, a clear directional bias based on recent price action patterns. Suppose the market demonstrates increased volume and price stability above key moving averages in the 1.3849 area. In that case, traders are advised to monitor for trend-continuation entry opportunities in alignment with the prevailing momentum.
Profit targets are defined at 1.3819 and 1.3785, corresponding to logical technical support zones. These levels are designed for staged profit-taking across different trade management styles. Stop-loss should be strictly enforced at the designated level; once breached, the strategy is considered invalidated in order to limit potential downside.
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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.