The price is above the Kumo, indicating a bullish bias. However, the recent candles show hesitation around the NT level (0.960).
The Tenkan-Sen is slightly above the Kijun-Sen, signaling weak bullish momentum. A bullish crossover has occurred, but confirmation requires a strong close above NT.
Chikou Span above the price candles, reinforcing bullish momentum. A clear distance from the price would strengthen the trend.
NT (0.960): Acts as immediate resistance. Price is testing this level, and a breakout would confirm bullish continuation.
Noticeable volume increases during bullish breakouts, indicating strong buying interest. A volume spike during an NT breakout would confirm a bullish rally.
Entry: Breakout above 0.960 (NT level) with strong volume confirmation.
Stop-Loss: Below Kijun-Sen (~0.930) or tighter at 0.940 depending on risk tolerance.
Wait for a daily close above 0.960 with strong volume before entering long positions.
Note:
1. Analysis for education purposes only.
2. Trade at your own risk.
The Tenkan-Sen is slightly above the Kijun-Sen, signaling weak bullish momentum. A bullish crossover has occurred, but confirmation requires a strong close above NT.
Chikou Span above the price candles, reinforcing bullish momentum. A clear distance from the price would strengthen the trend.
NT (0.960): Acts as immediate resistance. Price is testing this level, and a breakout would confirm bullish continuation.
Noticeable volume increases during bullish breakouts, indicating strong buying interest. A volume spike during an NT breakout would confirm a bullish rally.
Entry: Breakout above 0.960 (NT level) with strong volume confirmation.
Stop-Loss: Below Kijun-Sen (~0.930) or tighter at 0.940 depending on risk tolerance.
Wait for a daily close above 0.960 with strong volume before entering long positions.
Note:
1. Analysis for education purposes only.
2. Trade at your own risk.
Trade closed: target reached
Reach target
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.