$MOVE
š Strategy: Short Position (Potential Downward Trend)
š Sell Zone:
Entry: 1.0140 - 1.0135 (š Below short-term moving averages)
šÆ Take Profit (TP):
TP1: 0.9653 (š Strong support level)TP2: 0.9500 (š» Extended downside target)
š Stop Loss (SL):
SL: 1.1548 (š Key resistance level, above it would signal reversal)
š” Risk/Reward Ratio
ā ļø Risk: 0.0005 (š» Entry to SL)š° Reward (TP1): 0.0457 (š Significant downside)šµ Reward (TP2): 0.0600 (šÆ Higher profit potential)
š Indicators to Watch
š RSI (Relative Strength Index):
š Look for oversold conditions (<30) for potential buying opportunity.
š„ MACD (Moving Average Convergence Divergence):
š¢ A bullish crossover above 1.01 would signal potential reversal.
š Volume Trends:
š¼ Increased volume near 1.0022 would confirm bullish reversal.
šØ Recommendations
š Watch for entry near 1.0135 - 1.0140.šŖ Hold below 0.9653 for further bearish movement.šØ Exit/Stop-loss if price rises above 1.1548.