We’re seeing a well-structured breakout from a descending channel after a prolonged consolidation phase. Here's the breakdown of the current setup:
Key Observations:
Break of Structure (BOS) followed by consolidation shows seller exhaustion and buyer strength building.
Price has broken above the descending trend line and retested it as support.
Strong bullish momentum has taken price above the 3,307 level, signaling potential for continuation.
Support & Resistance Levels:
Support Zone: 3,279 – 3,307
Resistance Targets:
3,346 (first target)
3,381 (intermediate target)
3,412 (major resistance level)
Setup:
Look for a minor pullback towards the 3,307 support level.
Confirmation of support holding can provide a high-probability entry for longs.
TP1: 3,346 | TP2: 3,381 | TP3: 3,412
Risk Management Tip: A break below 3,279 invalidates the setup short term. Always use a stop-loss based on your risk appetite.
This is a clean setup based on market structure and price action, ideal for traders looking for trend continuation plays.
Key Observations:
Break of Structure (BOS) followed by consolidation shows seller exhaustion and buyer strength building.
Price has broken above the descending trend line and retested it as support.
Strong bullish momentum has taken price above the 3,307 level, signaling potential for continuation.
Support & Resistance Levels:
Support Zone: 3,279 – 3,307
Resistance Targets:
3,346 (first target)
3,381 (intermediate target)
3,412 (major resistance level)
Setup:
Look for a minor pullback towards the 3,307 support level.
Confirmation of support holding can provide a high-probability entry for longs.
TP1: 3,346 | TP2: 3,381 | TP3: 3,412
Risk Management Tip: A break below 3,279 invalidates the setup short term. Always use a stop-loss based on your risk appetite.
This is a clean setup based on market structure and price action, ideal for traders looking for trend continuation plays.
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Note
"1st Target Hit! +460 Pips Running — Ride the Wave of Precision!"Massive congratulations to everyone who joined the move — our first target has been smashed with 460 pips in profit and counting!
This is the result of solid analysis, disciplined execution, and patience. As always, the charts spoke — we listened, and we acted.
We remain focused, neutral, and committed to pure technical trading. Our approach is strictly market-based — no bias, no politics, just patterns, price action, and precision.
Next Steps?
We let our profits run with trailing protection. If you’ve secured your profits, well done. If you're still riding, manage wisely and follow the plan.
Let the chart be your compass.
Respect the risk. Trust the process.
And as always — enjoy your profit.
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Related publications
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.