Hello Trader,
Eurusd key resistance level, marked by prior price rejections, means strong selling and we are interested this side. This is area has selected key supply zone.
Yes, the 1.09902 level is a key resistance zone where price has faced previous rejections, indicating strong selling interest. This makes it a supply zone, where sellers may push the price lower.
Trading Plan (Bearish):
1. Sell Setup at Resistance:
Look for rejection patterns (e.g., bearish engulfing, wicks, double top).
Confirmation with volume and candlestick patterns can strengthen the trade idea.
2. Target: 1.07586 (Support Zone)
Price is expected to break the rising channel and move toward this demand zone, making it a logical profit target.
3. Stop Loss:
Placed above 1.09902, in case the price breaks resistance and continues higher.
Would you like a more detailed breakdown or alternative trade ideas?
Eurusd key resistance level, marked by prior price rejections, means strong selling and we are interested this side. This is area has selected key supply zone.
Yes, the 1.09902 level is a key resistance zone where price has faced previous rejections, indicating strong selling interest. This makes it a supply zone, where sellers may push the price lower.
Trading Plan (Bearish):
1. Sell Setup at Resistance:
Look for rejection patterns (e.g., bearish engulfing, wicks, double top).
Confirmation with volume and candlestick patterns can strengthen the trade idea.
2. Target: 1.07586 (Support Zone)
Price is expected to break the rising channel and move toward this demand zone, making it a logical profit target.
3. Stop Loss:
Placed above 1.09902, in case the price breaks resistance and continues higher.
Would you like a more detailed breakdown or alternative trade ideas?
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.