$NFP Trade Idea (4H Chart):
▶️ Entry Zone: 0.3180 - 0.3220
🛑 Stop Loss: 0.3050 (below EMA(25))
🎯 Take Profit 1: 0.3350
🎯 Take Profit 2: 0.3500
Analysis:
🔹 Strong bullish momentum: Price above all EMAs (7, 25, 99)
🔹 Recent sharp price increase from 0.2807 to 0.3247 (24h range)
🔹 RSI(14) at 69.9081, approaching overbought conditions
🔹 MACD positive and above signal line, showing bullish momentum
🔹 24h gain of 13.70%, indicating significant buying pressure
Rationale: Looking to enter on a potential minor pullback after a strong bullish move. Multiple targets to secure profits while allowing for potential upside continuation.
⚠️ Caution:
- RSI nearing overbought territory, suggesting a potential short-term pullback
- Recent sharp price increase may lead to increased volatility
- Use proper position sizing and consider scaling in/out of positions
Disclaimer: This is not financial advice. Always do your own research and invest responsibly.