Price is currently testing a strong support zone around 1584 – 1589, showing early signs of bullish reversal.
Buy entries are considered within this range, with stop loss placed safely below the zone at 1499.4.
The target levels are set at:
→ 1st TP: 1680.1
→ 2nd TP: 1787.0
→ Final TP: 1857.6
This setup provides a favorable Risk/Reward Ratio of 1:2.5 to 1:3, depending on the TP hit.
Strategy:
Demand zone entry with bullish price action confirmation. Ideal for swing trading. Monitor lower timeframes for early breakout signals.
Buy entries are considered within this range, with stop loss placed safely below the zone at 1499.4.
The target levels are set at:
→ 1st TP: 1680.1
→ 2nd TP: 1787.0
→ Final TP: 1857.6
This setup provides a favorable Risk/Reward Ratio of 1:2.5 to 1:3, depending on the TP hit.
Strategy:
Demand zone entry with bullish price action confirmation. Ideal for swing trading. Monitor lower timeframes for early breakout signals.
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.