🎯 Trade setup:
Direction: Short after pullback
🔻 Entry: $3.245–$3.260
🛑 Stop Loss: $3.280
🎯 Take Profit 1: $3.220
🎯 Take Profit 2: $3.190
📊 Analysis:
XNGUSD has fallen to $3.235, breaking below the SMA 200 near $3.249 with a strong bearish candle. Price also remains below EMA 9, EMA 20 and SMA 50.
RSI is falling toward 35, while MACD confirms increasing bearish momentum. Stochastic RSI is oversold, so a brief rebound may occur before another decline.
Scenario:
📉 A failed retest of $3.245–$3.260 would support further downside. A break below $3.220 could accelerate the move toward $3.190.
📈 A recovery above $3.260 would weaken the bearish signal. Holding above $3.280 could trigger a rebound toward $3.300.
⚠️ Invalidation: Hourly close above $3.280.
⚠️ Not financial advice.
Direction: Short after pullback
🔻 Entry: $3.245–$3.260
🛑 Stop Loss: $3.280
🎯 Take Profit 1: $3.220
🎯 Take Profit 2: $3.190
📊 Analysis:
XNGUSD has fallen to $3.235, breaking below the SMA 200 near $3.249 with a strong bearish candle. Price also remains below EMA 9, EMA 20 and SMA 50.
RSI is falling toward 35, while MACD confirms increasing bearish momentum. Stochastic RSI is oversold, so a brief rebound may occur before another decline.
Scenario:
📉 A failed retest of $3.245–$3.260 would support further downside. A break below $3.220 could accelerate the move toward $3.190.
📈 A recovery above $3.260 would weaken the bearish signal. Holding above $3.280 could trigger a rebound toward $3.300.
⚠️ Invalidation: Hourly close above $3.280.
⚠️ Not financial advice.
Join me, I'll guide you to PROFITABLE TRADING💵!
Telegram Channel:
t.me/elibrianalytics
Telegram Channel:
t.me/elibrianalytics
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.
Join me, I'll guide you to PROFITABLE TRADING💵!
Telegram Channel:
t.me/elibrianalytics
Telegram Channel:
t.me/elibrianalytics
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.