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
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.
GODO Capital Markets
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.