🟢 Entry Zone: 104.10 – 104.30
🔴 Stop Loss: 102.90 (below the key demand zone)
🎯 Take Profit Targets:
✅TP1: 105.00 (initial resistance, suitable for partials)
✅TP2: 106.00 (recent structure high)
✅TP3: 107.50 (extended target on sustained momentum)
🔍 Technical Context:
• Strong reaction from the 103.00–103.50 demand zone, which has acted as major support since November
• Bullish MACD crossover underway, with histogram flipping positive — early trend reversal signal
• RSI recovering from oversold territory, suggesting renewed bullish momentum
• Price retesting and reclaiming the 9 EMA — a common trigger level for trend shifts
• Potential higher low formation after a sharp corrective wave — signaling strength building under the surface
A daily close above 104.30 would confirm the breakout and open the door for a push toward the 106–107.50 zone.
🔴 Stop Loss: 102.90 (below the key demand zone)
🎯 Take Profit Targets:
✅TP1: 105.00 (initial resistance, suitable for partials)
✅TP2: 106.00 (recent structure high)
✅TP3: 107.50 (extended target on sustained momentum)
🔍 Technical Context:
• Strong reaction from the 103.00–103.50 demand zone, which has acted as major support since November
• Bullish MACD crossover underway, with histogram flipping positive — early trend reversal signal
• RSI recovering from oversold territory, suggesting renewed bullish momentum
• Price retesting and reclaiming the 9 EMA — a common trigger level for trend shifts
• Potential higher low formation after a sharp corrective wave — signaling strength building under the surface
A daily close above 104.30 would confirm the breakout and open the door for a push toward the 106–107.50 zone.
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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.
Seizing Opportunities, Maximizing Returns. With 7+ years of experience, we provide accurate insights and trading signals.
💹 Free daily signals & analysis
💹 Expert strategies & updates
Join now: t.me/valchevfinance
💹 Free daily signals & analysis
💹 Expert strategies & updates
Join now: t.me/valchevfinance
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.