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
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.