Buy Opportunity
Trade Setup: Long (Buy)
Entry Price:
158.661 (current price level)
Take-Profit (Target):
164.850 (upper resistance zone with a potential gain of 3.9%)
Stop-Loss:
156.112 (below the marked support zone to protect against downside risk)
Risk-Reward Ratio (RRR):
Approx. 1:2.4 (favorable for a long trade)
Position Details:
Reason for Entry:
Price action suggests a reversal near the support zone, with bullish momentum building.
Momentum indicator (Squeeze Momentum) shows a potential upward shift.
Price is within a retracement, and the upside target aligns with resistance at 164.850.
Stop-Loss Justification:
Placed below the strong support at 156.112 to allow for minor fluctuations.
Take-Profit Justification:
Key resistance level at 164.850 aligns with the previous high and projected bullish trajectory.
Entry Price:
158.661 (current price level)
Take-Profit (Target):
164.850 (upper resistance zone with a potential gain of 3.9%)
Stop-Loss:
156.112 (below the marked support zone to protect against downside risk)
Risk-Reward Ratio (RRR):
Approx. 1:2.4 (favorable for a long trade)
Position Details:
Reason for Entry:
Price action suggests a reversal near the support zone, with bullish momentum building.
Momentum indicator (Squeeze Momentum) shows a potential upward shift.
Price is within a retracement, and the upside target aligns with resistance at 164.850.
Stop-Loss Justification:
Placed below the strong support at 156.112 to allow for minor fluctuations.
Take-Profit Justification:
Key resistance level at 164.850 aligns with the previous high and projected bullish trajectory.
GODO Capital Markets
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