Validation and invalidation criteria: if price close above 8300 with strong bullish candles the trade is validated. If price falls below 8100 invalidating the support level, the trade setup should be rejected
General Trend : The Market is trending upward. From around 7900 towards 8300 indicating a short term bullish trend aligned with the border Market movement
Liquidity zone : liquidity is concentrated between 8200 and 8300 due to price Volatility and recent pattern formations
Price action Analysis : Bullish candlestick pattern near 8250 under key resistance indicate strong buying interest, suggesting a breakout
TRADE IDEA :
Consider an entry between 8200 and 8250 if bullish price action is confirmed. Set the stop loss at 8100 which is below a recent swing low. Take profit at 8400 as the first target with a potential extension to 8500. This setup leverage a possible breakout above previous highs near 8300
General Trend : The Market is trending upward. From around 7900 towards 8300 indicating a short term bullish trend aligned with the border Market movement
Liquidity zone : liquidity is concentrated between 8200 and 8300 due to price Volatility and recent pattern formations
Price action Analysis : Bullish candlestick pattern near 8250 under key resistance indicate strong buying interest, suggesting a breakout
TRADE IDEA :
Consider an entry between 8200 and 8250 if bullish price action is confirmed. Set the stop loss at 8100 which is below a recent swing low. Take profit at 8400 as the first target with a potential extension to 8500. This setup leverage a possible breakout above previous highs near 8300
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t.me/+0AgdVvy753RhYTI8
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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.
For More Updates and Signal join me on Telegram 👇👇
t.me/+0AgdVvy753RhYTI8
Personal Contact 👇👇 t.me/CHRLEEXPRT1
t.me/+0AgdVvy753RhYTI8
Personal Contact 👇👇 t.me/CHRLEEXPRT1
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.