>The daily chart revealed the presence of Demand and Supply zones, as depicted in the image.
>I verified my analysis by utilizing the Search Volume Profile for a fixed range, which confirmed that a particular level aligned with my identified supply zone.
>Furthermore, I found that this supply zone coincided with the 61% golden ratio zone of the Fibonacci sequence.
cheers!
>I verified my analysis by utilizing the Search Volume Profile for a fixed range, which confirmed that a particular level aligned with my identified supply zone.
>Furthermore, I found that this supply zone coincided with the 61% golden ratio zone of the Fibonacci sequence.
cheers!
Note
As soon as the price reaches a 1:1 ratio, I plan to initiate profit booking.Note
At the 1:1 ratio, I will also set my trade to break even.Note
27401 is first target guysNote
Here are the updated trade targets while I sleep:First target: 27,906.9
Second target: 28,236
Note
waiting for 2 days candle to close below this level Trade closed manually
this may take a jump but i will wait for my entry signal and until then i am closing this one in loss !Note
Re-entering long in spot, unless targets are hit or two days candle closes below blue level.
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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.