Technical Elements Observed
Bullish Reversal Setup:
There’s a greyed box indicating a potential bullish setup.
A projected “W” pattern (double bottom) is drawn within the red zone, implying a reversal formation.
Support Zone (Red Area):
Range: ~143.791 to 144.486
The chart suggests a possible bounce off this zone.
This is the critical demand/support area.
Resistance / Target Zone:
Target price: ~147.056
This implies a ~200-pip upside move from the support area.
Stop-Loss Indication:
Below the red zone: ~143.700
This is a conservative stop-loss based on the chart setup.
Trade Idea Summary (Based on Drawing)
Buy Zone: 144.486–144.000
Stop Loss: ~143.700
Take Profit: ~147.056
Risk:Reward Ratio: Approximately 1:3 or better
Bullish Reversal Setup:
There’s a greyed box indicating a potential bullish setup.
A projected “W” pattern (double bottom) is drawn within the red zone, implying a reversal formation.
Support Zone (Red Area):
Range: ~143.791 to 144.486
The chart suggests a possible bounce off this zone.
This is the critical demand/support area.
Resistance / Target Zone:
Target price: ~147.056
This implies a ~200-pip upside move from the support area.
Stop-Loss Indication:
Below the red zone: ~143.700
This is a conservative stop-loss based on the chart setup.
Trade Idea Summary (Based on Drawing)
Buy Zone: 144.486–144.000
Stop Loss: ~143.700
Take Profit: ~147.056
Risk:Reward Ratio: Approximately 1:3 or better
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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.
Our telegram channel daily update here guys t.me/GOLDTRDAINGSIGNAL11
Daily signals here
Daily signals here
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.