forex_in_world
forex_in_world 昨天05:19時
Here’s a quick technical analysis based on your chart:

Analysis (4H Chart)

Price Action: The instrument is currently trading at 112,540, showing a short-term bullish momentum after rebounding from around 109,500 support zone.
Moving Average (9 SMA): Price has crossed above the 9-period SMA (111,248) and is holding above it, confirming bullish bias in the near term.
RSI (14): Currently at 62.60, approaching the overbought zone (>70). This suggests momentum is strong but there may be limited upside before a pullback.
Trend: Short-term recovery after a downtrend. Higher highs and higher lows are forming on recent candles.

Trade Signal

📈 Buy Setup (Short-Term Swing)
Entry: 112,400 – 112,600 (current price zone)
Target 1: 114,200 (recent resistance)
Target 2: 115,800 (next key resistance)
Stop Loss: 111,200 (below SMA support)

Risk/Reward:

⚠️Note: Since RSI is near 70, watch for exhaustion. If RSI crosses above 70, partial profit booking is advised.