$TRUMP Descending Channel Recovery Setup
Long Setup
Entry Zone: 1.17 – 1.20
Stop Loss: 1.08
TP1: 1.373
TP2: 1.519
TP3: 1.665
Market Analysis:
TRUMP is showing early signs of recovery after an extended decline inside a descending parallel channel on the 1H chart.
Price is currently trading around 1.184, holding above the important demand zone near 1.08–1.11. The recent consolidation suggests that selling pressure may be slowing down, while buyers are attempting to establish a stronger base.
The descending channel remains the key structure to watch. A breakout above its upper boundary, followed by a successful retest, could open the door toward 1.373. Further bullish momentum could extend the recovery toward 1.519 and 1.665.
Confirmation: A strong 1H candle close above the descending channel resistance.
Invalidation: A breakdown below 1.08 would weaken the bullish recovery scenario.
Patience is key. Wait for confirmation rather than chasing the first green candle. Always manage your risk and avoid overexposure.
Long Setup
Entry Zone: 1.17 – 1.20
Stop Loss: 1.08
TP1: 1.373
TP2: 1.519
TP3: 1.665
Market Analysis:
TRUMP is showing early signs of recovery after an extended decline inside a descending parallel channel on the 1H chart.
Price is currently trading around 1.184, holding above the important demand zone near 1.08–1.11. The recent consolidation suggests that selling pressure may be slowing down, while buyers are attempting to establish a stronger base.
The descending channel remains the key structure to watch. A breakout above its upper boundary, followed by a successful retest, could open the door toward 1.373. Further bullish momentum could extend the recovery toward 1.519 and 1.665.
Confirmation: A strong 1H candle close above the descending channel resistance.
Invalidation: A breakdown below 1.08 would weaken the bullish recovery scenario.
Patience is key. Wait for confirmation rather than chasing the first green candle. Always manage your risk and avoid overexposure.
