Based on the chart:
Entry Point
Entry: Below the broken trendline, ideally after price retests the trendline as resistance (around 42.800).
Target
Target 1: Near 39.0513 (previous support level).
Target 2: Extended move towards 33.7941 (major support zone).
Stop Loss
Stop Loss: Above the red resistance zone (around 45.0000).
Support & Resistance Levels
Resistance Levels:
43.500 (strong resistance)
42.800 (trendline resistance)
Support Levels:
39.0513 (key support)
33.7941 (major support zone)
This setup aligns with a break-and-retest strategy with good risk-to-reward potential. Would you like a clearer step-by-step breakdown
Entry Point
Entry: Below the broken trendline, ideally after price retests the trendline as resistance (around 42.800).
Target
Target 1: Near 39.0513 (previous support level).
Target 2: Extended move towards 33.7941 (major support zone).
Stop Loss
Stop Loss: Above the red resistance zone (around 45.0000).
Support & Resistance Levels
Resistance Levels:
43.500 (strong resistance)
42.800 (trendline resistance)
Support Levels:
39.0513 (key support)
33.7941 (major support zone)
This setup aligns with a break-and-retest strategy with good risk-to-reward potential. Would you like a clearer step-by-step breakdown
im professional forex trader...im providing
signals join me on telegram t.me/james_gold_master1123
signals join me on telegram t.me/james_gold_master1123
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.
im professional forex trader...im providing
signals join me on telegram t.me/james_gold_master1123
signals join me on telegram t.me/james_gold_master1123
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.