Order Type: Buy Stop
Entry Price: 0.8840 (to confirm breakout beyond immediate resistance and capture potential upwards momentum)
Take Profit: 0.8900
Stop Loss: 0.8800
Confidence Level: 74%
Justification:
Price Action: Potential bottom formation with bullish indicators.
Volume: Increased volume at lows suggesting accumulation.
Indicators: Bullish crossover on MACD and widening Bollinger Bands suggesting an impending bullish movement.
Support and Resistance: Entry above resistance ensures capturing upward breakout, with stop loss below immediate support for risk management.
Entry Price: 0.8840 (to confirm breakout beyond immediate resistance and capture potential upwards momentum)
Take Profit: 0.8900
Stop Loss: 0.8800
Confidence Level: 74%
Justification:
Price Action: Potential bottom formation with bullish indicators.
Volume: Increased volume at lows suggesting accumulation.
Indicators: Bullish crossover on MACD and widening Bollinger Bands suggesting an impending bullish movement.
Support and Resistance: Entry above resistance ensures capturing upward breakout, with stop loss below immediate support for risk management.
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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.