$FXS – Pullback Before the Next Move
$FXS reached a 24h peak at 2.759but has since retraced to around 2.73 as profit-taking set in. The broader structure remains bullish, with buyers likely to step back in if the support area holds.
Short-Term Trade Plan
Entry Zone: 2.70 – 2.75
Targets:
• TP1: 2.82
• TP2: 2.88
• TP3: 3.00
Stop Loss: Below 2.66
If the 2.70 support zone holds, a rebound could trigger another upward leg. However, a breakdown beneath it may send the price toward 2.62 – 2.65.