Strong breakout above long-term accumulation with volume surge and bullish structure on the daily chart.
🔸 Key Support Zone at 0.04550 – 0.04000:
This zone held as a strong base for weeks. Retesting this area could offer a high-RR entry.
🔸 Upside Target: 0.25461
Clean breakout above 0.055 could open a move toward previous major resistance levels.
🔸 Risk Level at 0.02940:
Break below this invalidates the bullish structure and re-enters old demand zone.
🔸 Action Plan:
Look for entry between 0.04550–0.05450 if price retests the breakout. Manage risk with SL at 0.02940 and consider trailing stop as price climbs toward targets.
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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.