Buy opportunity
Signal: Long (Buy)
Entry Point: Around 1.27621
Take-Profit (TP): 1.30989
This level aligns with the marked resistance zone.
Stop-Loss (SL): 1.26540
Below the recent support zone to manage risk.
Risk-to-Reward Analysis:
Risk: Entry (1.27621) - Stop-Loss (1.26540) = 0.01081 (~108 pips)
Reward: Take-Profit (1.30989) - Entry (1.27621) = 0.03368 (~337 pips)
Risk-to-Reward Ratio: 1:3.12 (highly favorable).
Confirmation:
The SQZMOM_LB (Squeeze Momentum Indicator) is turning green and gaining strength, signaling bullish momentum.
Price is holding above a significant support level with a potential breakout.
This setup suggests a high probability of price moving toward the take-profit zone, provided current momentum continues. Let me know if you need additional insights or adjustments!
Entry Point: Around 1.27621
Take-Profit (TP): 1.30989
This level aligns with the marked resistance zone.
Stop-Loss (SL): 1.26540
Below the recent support zone to manage risk.
Risk-to-Reward Analysis:
Risk: Entry (1.27621) - Stop-Loss (1.26540) = 0.01081 (~108 pips)
Reward: Take-Profit (1.30989) - Entry (1.27621) = 0.03368 (~337 pips)
Risk-to-Reward Ratio: 1:3.12 (highly favorable).
Confirmation:
The SQZMOM_LB (Squeeze Momentum Indicator) is turning green and gaining strength, signaling bullish momentum.
Price is holding above a significant support level with a potential breakout.
This setup suggests a high probability of price moving toward the take-profit zone, provided current momentum continues. Let me know if you need additional insights or adjustments!
GODO Capital Markets
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