Trade Setup Summary
Trade Type: Long (Buy)
Entry Price: ~105,067 (current level)
Stop Loss: ~104,581 (white horizontal support)
Target Price: ~106,983 (green resistance)
Risk-to-Reward Ratio: Excellent (approx. 1:3+)
🔍 Technical Highlights
Ascending Triangle Breakout: The price was compressing in a triangle; it seems to have broken out just above the yellow resistance.
Key Resistance Levels:
Immediate resistance: 105,831 (red line – might be retested)
Target resistance: 106,983 (green line – take-profit zone)
Support Zone: 104,581 – solid level for stop-loss placement.
📌 Trade Confidence Signals
📊 Breakout from a mini ascending triangle.
📈 Volume is slightly increasing.
🟡 Previous resistance flipped into potential support.
Trade Type: Long (Buy)
Entry Price: ~105,067 (current level)
Stop Loss: ~104,581 (white horizontal support)
Target Price: ~106,983 (green resistance)
Risk-to-Reward Ratio: Excellent (approx. 1:3+)
🔍 Technical Highlights
Ascending Triangle Breakout: The price was compressing in a triangle; it seems to have broken out just above the yellow resistance.
Key Resistance Levels:
Immediate resistance: 105,831 (red line – might be retested)
Target resistance: 106,983 (green line – take-profit zone)
Support Zone: 104,581 – solid level for stop-loss placement.
📌 Trade Confidence Signals
📊 Breakout from a mini ascending triangle.
📈 Volume is slightly increasing.
🟡 Previous resistance flipped into potential support.
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.