Entry Point: ~144.037
Stop Loss: ~144.939 (above the recent resistance zone)
Resistance Zone: Between 144.037 and 144.939 (highlighted by purple area)
First Target Point (EA Target Point): ~139.731 (Bearish target if reversal happens)
Second Target Point (Bullish EA Target Point): ~148.737
Current Price:
As of the chart, price is around 143.743, slightly below the entry point.
Possible Scenarios:
Bullish Breakout:
If price breaks and closes above 144.939, expect strong bullish momentum toward 148.737.
Confirmation: Look for strong bullish candles with volume above the resistance zone.
Bearish Rejection:
If price fails to break 144.939 and shows bearish reversal patterns (e.g., bearish engulfing), a pullback toward 144.037 or even down to 139.731 is likely.
Additional Notes:
The orange circles highlight key points where price respected trendlines and support zones — showing strong buyer interest.
A rising trendline (drawn underneath recent lows) supports the ongoing bullish structure.
Risk-Reward seems well balanced: small risk (~90 pips) for a potential reward (~400+ pips).
Summary:
Bias: Cautiously bullish, but watch carefully around the 144.939 resistance.
Action: Wait for a clean breakout or a rejection pattern before deciding.
Stop Loss: ~144.939 (above the recent resistance zone)
Resistance Zone: Between 144.037 and 144.939 (highlighted by purple area)
First Target Point (EA Target Point): ~139.731 (Bearish target if reversal happens)
Second Target Point (Bullish EA Target Point): ~148.737
Current Price:
As of the chart, price is around 143.743, slightly below the entry point.
Possible Scenarios:
Bullish Breakout:
If price breaks and closes above 144.939, expect strong bullish momentum toward 148.737.
Confirmation: Look for strong bullish candles with volume above the resistance zone.
Bearish Rejection:
If price fails to break 144.939 and shows bearish reversal patterns (e.g., bearish engulfing), a pullback toward 144.037 or even down to 139.731 is likely.
Additional Notes:
The orange circles highlight key points where price respected trendlines and support zones — showing strong buyer interest.
A rising trendline (drawn underneath recent lows) supports the ongoing bullish structure.
Risk-Reward seems well balanced: small risk (~90 pips) for a potential reward (~400+ pips).
Summary:
Bias: Cautiously bullish, but watch carefully around the 144.939 resistance.
Action: Wait for a clean breakout or a rejection pattern before deciding.
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Join my telegram (COPY_TRADE)
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Join my refrel broker link
one.exnesstrack.org/a/l1t1rf3p6v
t.me/TOP1INVEESTADMEN
Join my refrel broker link
one.exnesstrack.org/a/l1t1rf3p6v
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.