$USUAL
š Strategy: Neutral to Bearish (Potential Downward Movement)
š Sell Zone:
Entry: 1.0690 - 1.0700 (š Below moving averages)
šÆ Take Profit (TP):
TP1: 1.0400 (š» Support level)TP2: 1.0300 (š Extended downside)
š Stop Loss (SL):
SL: 1.0800 (š Key resistance level)
š” Risk/Reward Ratio
ā ļø Risk: 0.0120 (š» Entry to SL)š° Reward (TP1): 0.0300 (š Moderate downside)šµ Reward (TP2): 0.0400 (šÆ Extended downside)
š Indicators to Watch
š RSI (Relative Strength Index):
š Look for RSI levels below 30 for oversold conditions, signaling a potential buying opportunity.
š„ MACD (Moving Average Convergence Divergence):
š¢ A bullish crossover above 1.0730 would indicate a possible upward trend.
š Volume Trends:
š¼ Increased volume near 1.0500 would confirm the bearish movement.
šØ Recommendations
š Watch for entry near 1.0690 - 1.0700 for short position.šŖ Hold below 1.0400 for potential further downside.šØ Exit/Stop-loss if price rises above 1.0800.