A Current Trading Analysis 🚨🚨
Time Frame: 5 minutes
Key Levels:
Resistance:1.7159
Support:1.6000
Trade Entry Point:1.6474
Take Profit (TP) Targets:
1. TP1: 1.6700
2. TP2: 1.6900
3. TP3:1.7100
Stop Loss (SL):1.6300
Analysis:
The current trading price is at 1.6474, positioned just below the resistance level of 1.7159. Observing the recent upward momentum and price action, entering a trade at this point could be advantageous if a breakout occurs. The next major resistance level is at 1.7159, with take profit levels set strategically below this threshold to lock in potential profits. The stop loss is placed just below the recent support level to mitigate risk from potential reversals.
