Precision Trading Signal: Catching the Next Move with Minimal Risk
The current price action is hovering around 2.0763, indicating a potential breakout or rejection in the short term. The key resistance level to watch is 2.4467, while strong support lies at 1.8247.
A buy entry is ideal if the price breaks and sustains above 2.1000, with take profit (TP) targets at 2.2000, 2.3000, and 2.4000 for a structured exit. On the other hand, a sell entry becomes valid if the price drops below 2.0000, signaling potential downside momentum.
To manage risk effectively, a stop loss (SL) for long trades should be placed at 1.9500, while short positions should be protected with an SL at 2.1500 in case of a sudden reversal. This setup ensures balanced risk-reward while capturing the next decisive move in the market.