📈 Trend: NEUTRAL
The chart is currently in a consolidation phase, showing neither a clear bullish nor bearish trend. It is ranging between the recent swing high at 4,400.00 and the swing low at 4,320.00.
🟢 Support
• 4,320.00
• 4,340.00
• 4,356.00
🔴 Resistance
• 4,400.00
• 4,380.00
• 4,364.00
⚡ Possible Trade Idea
Direction: SHORT
Entry:
4,364.00Stop Loss:
4,380.00Take Profit:
4,340.00📝 The price is showing signs of rejection at the 4,364.00 resistance level. A short trade can be initiated with a stop loss above the next resistance and a take profit targeting the support level at 4,340.00, which has been tested multiple times.
⚠️ Disclaimer: This is not financial advice. Trading involves substantial risk of loss. Always do your own analysis and manage your risk responsibly.
— Sent from FxKillerz.com
