Buy Opportunity
Trade Signal:
Trade Type: Long (Buy)
Entry Point: Around 0.82770 (current price)
Target: 0.83823 (primary target)
Stop Loss: 0.82552 (below immediate support)
Risk-Reward Ratio: Approximately 1:3 (favorable based on the chart setup).
Analysis:
Current Price: 0.82770 (as per the chart).
Support Levels:
Immediate: 0.82552
Next: 0.82300 (not shown but likely a psychological level).
Resistance Levels:
Nearest: 0.83198
Next: 0.83816
Potential Upside: The chart indicates a potential rise towards 0.83823, representing a 1.27% gain over the next 10 days.
Momentum: The SQZMOM_LB indicator is still in negative (red) territory but might be bottoming out, indicating a potential shift to bullish momentum soon.
Trade Type: Long (Buy)
Entry Point: Around 0.82770 (current price)
Target: 0.83823 (primary target)
Stop Loss: 0.82552 (below immediate support)
Risk-Reward Ratio: Approximately 1:3 (favorable based on the chart setup).
Analysis:
Current Price: 0.82770 (as per the chart).
Support Levels:
Immediate: 0.82552
Next: 0.82300 (not shown but likely a psychological level).
Resistance Levels:
Nearest: 0.83198
Next: 0.83816
Potential Upside: The chart indicates a potential rise towards 0.83823, representing a 1.27% gain over the next 10 days.
Momentum: The SQZMOM_LB indicator is still in negative (red) territory but might be bottoming out, indicating a potential shift to bullish momentum soon.
GODO Capital Markets
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