Trade Levels
Entry: 162.495
Stop Loss: 162.938
Take Profit: 161.600
Risk:Reward: ~1:2
Technical Analysis
Price is testing a well-defined horizontal resistance.
A descending trendline is acting as dynamic resistance.
The setup forms a confluence zone, where multiple technical factors align.
Expecting sellers to defend this area and push price back toward the recent support.
Invalidation
A sustained break and close above 162.938 would invalidate the bearish setup and suggest buyers have regained control.
⚠️ This is a technical trade idea based solely on price action and market structure. Always manage your risk and wait for confirmation before entering.
Entry: 162.495
Stop Loss: 162.938
Take Profit: 161.600
Risk:Reward: ~1:2
Technical Analysis
Price is testing a well-defined horizontal resistance.
A descending trendline is acting as dynamic resistance.
The setup forms a confluence zone, where multiple technical factors align.
Expecting sellers to defend this area and push price back toward the recent support.
Invalidation
A sustained break and close above 162.938 would invalidate the bearish setup and suggest buyers have regained control.
⚠️ This is a technical trade idea based solely on price action and market structure. Always manage your risk and wait for confirmation before entering.
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.
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.