Entry Point: 1.13860
Stop Loss Zone: 1.13642 to 1.12578
Resistance Point: 1.14320
Target (TP) Point: 1.18089
🔍 Observations
Support Zone: Marked in purple near the entry and stop-loss area, suggesting a strong demand zone.
Resistance Zone: Around 1.14320, indicating a potential breakout level.
Trend: Short-term uptrend after a consolidation range.
Risk/Reward Ratio: Quite favorable, targeting a move of approximately 470+ pips (4.20% gain) from entry to target.
📊 Technical Indicators
Moving Averages:
Red (likely 20 EMA): Price recently crossed above, showing bullish momentum.
Blue (likely 50 or 200 EMA): Serving as dynamic support.
Price Action: Formation suggests a potential breakout from resistance toward the 1.18 target.
🧠 Conclusion
This is a long (buy) setup expecting a bullish breakout:
Buy entry above the support zone.
Stop-loss placed below major support (1.12578).
Target set significantly higher, aligning with prior structure or resistance at 1.18089
Stop Loss Zone: 1.13642 to 1.12578
Resistance Point: 1.14320
Target (TP) Point: 1.18089
🔍 Observations
Support Zone: Marked in purple near the entry and stop-loss area, suggesting a strong demand zone.
Resistance Zone: Around 1.14320, indicating a potential breakout level.
Trend: Short-term uptrend after a consolidation range.
Risk/Reward Ratio: Quite favorable, targeting a move of approximately 470+ pips (4.20% gain) from entry to target.
📊 Technical Indicators
Moving Averages:
Red (likely 20 EMA): Price recently crossed above, showing bullish momentum.
Blue (likely 50 or 200 EMA): Serving as dynamic support.
Price Action: Formation suggests a potential breakout from resistance toward the 1.18 target.
🧠 Conclusion
This is a long (buy) setup expecting a bullish breakout:
Buy entry above the support zone.
Stop-loss placed below major support (1.12578).
Target set significantly higher, aligning with prior structure or resistance at 1.18089
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Join my telegram (COPY_TRADE)
t.me/TOP1INVEESTADMEN
Join my refrel broker link
one.exnesstrack.org/a/l1t1rf3p6v
t.me/TOP1INVEESTADMEN
Join my refrel broker link
one.exnesstrack.org/a/l1t1rf3p6v
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.