The 200 EMA (blue line) at 149.701 acts as a strong support level.
The 30 EMA (red line) at 150.458 represents a short-term trend guide.
Trade Setup:
Entry Point: Around 150.120 (near the 200 EMA).
Stop Loss: Below 149.496, protecting against downside risk.
Take Profit Levels:
TP1: 150.287
TP2: 150.533
TP3: 150.886
Final Target: 151.377
Strategy:
Buy Position: The expectation is for the price to bounce from the 200 EMA and move upwards toward the targets.
Risk-Reward: Favorable, as the trade has multiple profit-taking levels.
The 30 EMA (red line) at 150.458 represents a short-term trend guide.
Trade Setup:
Entry Point: Around 150.120 (near the 200 EMA).
Stop Loss: Below 149.496, protecting against downside risk.
Take Profit Levels:
TP1: 150.287
TP2: 150.533
TP3: 150.886
Final Target: 151.377
Strategy:
Buy Position: The expectation is for the price to bounce from the 200 EMA and move upwards toward the targets.
Risk-Reward: Favorable, as the trade has multiple profit-taking levels.
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Disclaimer
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Join my telegram (COPY_TRADE)
t.me/TOP1INVEESTADMEN
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.