Exponential Moving Averages (EMAs):
200 EMA (Blue) at 1.29309: Represents the long-term trend.
30 EMA (Red) at 1.29122: Represents the short-term trend.
Price is currently below both EMAs, suggesting a bearish trend.
Support and Resistance Zones:
Resistance Zone (Purple at the top): Price previously reacted strongly at this level.
Support Zone (Purple at the bottom): A potential demand area where price is currently bouncing.
Trade Setup:
Entry Point: Near 1.28875 (highlighted on the chart).
Stop Loss: Set around 1.28714-1.28856, below the support zone.
Target Point: 1.29730, above the resistance and near the 200 EMA.
Risk-to-Reward Ratio: The setup aims for a higher reward than risk.
Trade Idea:
Bullish Reversal Trade: The price is reacting at a support zone, and the target aligns with a previous resistance level.
A confirmation (strong bullish candle or break of 30 EMA) could indicate a move toward 1.29730.
EMA Crossover Watch: If the 30 EMA crosses above the 200 EMA, it may confirm a stronger uptrend.
Potential Risks:
If price breaks below 1.28714, the bullish idea is invalid.
Resistance at 1.29309 (200 EMA) could slow the move upward.
200 EMA (Blue) at 1.29309: Represents the long-term trend.
30 EMA (Red) at 1.29122: Represents the short-term trend.
Price is currently below both EMAs, suggesting a bearish trend.
Support and Resistance Zones:
Resistance Zone (Purple at the top): Price previously reacted strongly at this level.
Support Zone (Purple at the bottom): A potential demand area where price is currently bouncing.
Trade Setup:
Entry Point: Near 1.28875 (highlighted on the chart).
Stop Loss: Set around 1.28714-1.28856, below the support zone.
Target Point: 1.29730, above the resistance and near the 200 EMA.
Risk-to-Reward Ratio: The setup aims for a higher reward than risk.
Trade Idea:
Bullish Reversal Trade: The price is reacting at a support zone, and the target aligns with a previous resistance level.
A confirmation (strong bullish candle or break of 30 EMA) could indicate a move toward 1.29730.
EMA Crossover Watch: If the 30 EMA crosses above the 200 EMA, it may confirm a stronger uptrend.
Potential Risks:
If price breaks below 1.28714, the bullish idea is invalid.
Resistance at 1.29309 (200 EMA) could slow the move upward.
Trade chiuso: obiettivo raggiunto
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Join my telegram (COPY_TRADE)
t.me/TOP1INVEESTADMEN
Join my refrel broker link
one.exnesstrack.org/a/l1t1rf3p6v
t.me/TOP1INVEESTADMEN
Join my refrel broker link
one.exnesstrack.org/a/l1t1rf3p6v
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.