N wave with E, N, NT & V projection.
The price is slightly above the Kumo, indicating a potential bullish bias.
Senkou-span B as immidiate support (1.24)
Chikou-span - positioned above the price candles, supporting bullish sentiment.
Secondary support: Point A (1.14).
Entry Level 1: Enter at the current price range (1.29) for an early position.
Entry Level 2: Enter additional positions near support at 1.24 (Senkou Span B) in case of a pullback.
Stop Loss (SL): Place at 1.22, slightly below Senkou Span B for risk management.
Monitor volume: Increasing bullish volume will confirm strength.
Ensure the price stays above Senkou Span B (1.24) to maintain the bullish bias.
Be cautious of strong rejection near the resistance at 1.36-1.38.
Note:
1. Analysis for education purposes only.
2. Trade at your own risk.
The price is slightly above the Kumo, indicating a potential bullish bias.
Senkou-span B as immidiate support (1.24)
Chikou-span - positioned above the price candles, supporting bullish sentiment.
Secondary support: Point A (1.14).
Entry Level 1: Enter at the current price range (1.29) for an early position.
Entry Level 2: Enter additional positions near support at 1.24 (Senkou Span B) in case of a pullback.
Stop Loss (SL): Place at 1.22, slightly below Senkou Span B for risk management.
Monitor volume: Increasing bullish volume will confirm strength.
Ensure the price stays above Senkou Span B (1.24) to maintain the bullish bias.
Be cautious of strong rejection near the resistance at 1.36-1.38.
Note:
1. Analysis for education purposes only.
2. Trade at your own risk.
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.