$ENSO just made a sharp vertical expansion after an extended upside run, but price is now trading deep into overextended territory with volatility spikes....................

Such impulsive moves after a long rally often invite profit-taking, and failure to reclaim recent highs increases the risk of a corrective pullback....................

If price starts rejecting below the upper resistance zone, downside pressure can accelerate as late buyers unwind positions..............

Trade Setup

Entry: 0.88 – 0.92

Target 1: 0.80

Target 2: 0.73

Target 3: 0.65

Stop Loss: 0.96

ENSO

1.937

+1.62%