Entry & exit strategy setup.
Watch for pullback until entry zone Fib line 0.382 - 0.5.
Strong resistance at 1.33.
The price is well above the Kumo, indicating a strong bullish trend.
The Tenkan-sen is above the Kijun-sen, confirming bullish momentum.
The Chikou Span is above the price, indicating no immediate resistance from past price levels.
Volume: Recent breakout above 1.30 was accompanied by a volume surge, confirming strong buying interest.
Trend Strength: The bullish trend is strong, with higher highs and higher lows forming.
Breakouts or pullbacks must be confirmed by higher-than-average volume.
A breakout with low volume may indicate a false move.
The Kijun-sen and Tenkan-sen should remain bullish for trend continuation.
Any significant bearish crossover may invalidate the trade idea.
Note:
1. Analysis for education purposes only.
2. Trade at your own risk.
Watch for pullback until entry zone Fib line 0.382 - 0.5.
Strong resistance at 1.33.
The price is well above the Kumo, indicating a strong bullish trend.
The Tenkan-sen is above the Kijun-sen, confirming bullish momentum.
The Chikou Span is above the price, indicating no immediate resistance from past price levels.
Volume: Recent breakout above 1.30 was accompanied by a volume surge, confirming strong buying interest.
Trend Strength: The bullish trend is strong, with higher highs and higher lows forming.
Breakouts or pullbacks must be confirmed by higher-than-average volume.
A breakout with low volume may indicate a false move.
The Kijun-sen and Tenkan-sen should remain bullish for trend continuation.
Any significant bearish crossover may invalidate the trade idea.
Note:
1. Analysis for education purposes only.
2. Trade at your own risk.
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.
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.