Entry:
Buy at Pivot Point (P) – 158.805
Stop Loss:
Below support level S1 – 158.023
Take Profit:
Near resistance level R1 – 161.561
Rationale:
Price is currently testing the pivot level, a common area for a bounce.
If the price holds above the pivot, it suggests bullish momentum.
Aiming for the next resistance level (R1) as a profit target.
Tight stop below S1 ensures minimal loss if the price breaks lower.
Risk-to-Reward Ratio:
Approx. 1:3, making it a favorable setup.
Extra Confirmation:
Look for bullish candlestick patterns or price rejection at the pivot level.
Monitor volume increase to support the upward move.
Buy at Pivot Point (P) – 158.805
Stop Loss:
Below support level S1 – 158.023
Take Profit:
Near resistance level R1 – 161.561
Rationale:
Price is currently testing the pivot level, a common area for a bounce.
If the price holds above the pivot, it suggests bullish momentum.
Aiming for the next resistance level (R1) as a profit target.
Tight stop below S1 ensures minimal loss if the price breaks lower.
Risk-to-Reward Ratio:
Approx. 1:3, making it a favorable setup.
Extra Confirmation:
Look for bullish candlestick patterns or price rejection at the pivot level.
Monitor volume increase to support the upward move.
Order cancelled
set up got invalid
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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.