P wave
The breakout point (Entry on B/O) is marked at 0.965, indicating the breakout from the P Wave.
Confirmed by the volume spikes, especially in the latest breakout, which indicates strong interest.
The price is above the Kumo, indicating bullish momentum.
Chikou Span is above the price, confirming bullish bias.
Tenkan-sen is above the Kijun-sen, further affirming bullish momentum.
Entry on breakout above 0.980 with close monitoring of volume to confirm the strength of the breakout.
Analyze the broader market sentiment or sectoral trends. Bullish sentiment will increase the likelihood of the breakout holding.
Note:
1. Analysis for education purposes only.
2. Trade at your own risk
The breakout point (Entry on B/O) is marked at 0.965, indicating the breakout from the P Wave.
Confirmed by the volume spikes, especially in the latest breakout, which indicates strong interest.
The price is above the Kumo, indicating bullish momentum.
Chikou Span is above the price, confirming bullish bias.
Tenkan-sen is above the Kijun-sen, further affirming bullish momentum.
Entry on breakout above 0.980 with close monitoring of volume to confirm the strength of the breakout.
Analyze the broader market sentiment or sectoral trends. Bullish sentiment will increase the likelihood of the breakout holding.
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.