N wave with E, V, N & NT projection.
The price is above the Kumo suggesting a shift in momentum towards bullishness.
NT level (0.470) acts as immediate resistance. A breakout above NT level with a strong volume confirming a potential bullish momentum.
The Kumo is green, suggesting that the future trend may continue to be bullish if the price closes above the Kumo.
Enter a long position at 0.430 if the price holds above this level with bullish candlestick.
Set a stop-loss at 0.400, just below the immediate support and recent lows, to manage risk effectively.
Note:
1. Analysis for education purposes only.
2. Trade at your own risk.
The price is above the Kumo suggesting a shift in momentum towards bullishness.
NT level (0.470) acts as immediate resistance. A breakout above NT level with a strong volume confirming a potential bullish momentum.
The Kumo is green, suggesting that the future trend may continue to be bullish if the price closes above the Kumo.
Enter a long position at 0.430 if the price holds above this level with bullish candlestick.
Set a stop-loss at 0.400, just below the immediate support and recent lows, to manage risk effectively.
Note:
1. Analysis for education purposes only.
2. Trade at your own risk.
Trade closed: stop reached
Hit SL
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.