📊 Chart Analysis
1️⃣ Accumulation Zone: The price previously traded within a rectangular consolidation range before breaking down.
2️⃣ Bullish Reversal Pattern: A falling wedge has formed, indicating a possible breakout to the upside.
3️⃣ Key Support: The price has tested the 0.8980 - 0.8970 zone multiple times and is showing signs of rejection.
4️⃣ Potential Upside: A breakout above 0.9030 - 0.9050 could confirm further bullish momentum.
🚀 Trading Plan:
📌 Entry: On a breakout above 0.9025
🎯 Targets:
First target: 0.9100
Extended target: 0.9130
🛑 Stop Loss: Below 0.8965 to minimize risk.
🔔 Confirmation Needed: Wait for strong bullish price action before entering long trades. 🚀🔥
1️⃣ Accumulation Zone: The price previously traded within a rectangular consolidation range before breaking down.
2️⃣ Bullish Reversal Pattern: A falling wedge has formed, indicating a possible breakout to the upside.
3️⃣ Key Support: The price has tested the 0.8980 - 0.8970 zone multiple times and is showing signs of rejection.
4️⃣ Potential Upside: A breakout above 0.9030 - 0.9050 could confirm further bullish momentum.
🚀 Trading Plan:
📌 Entry: On a breakout above 0.9025
🎯 Targets:
First target: 0.9100
Extended target: 0.9130
🛑 Stop Loss: Below 0.8965 to minimize risk.
🔔 Confirmation Needed: Wait for strong bullish price action before entering long trades. 🚀🔥
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.