📈 Market Analysis and Trade Setup 📊
The market is currently consolidating within a defined support and resistance range of 2903 to 2905. Within this zone, a "W" pattern is emerging, along with a double bottom rejection at the support level. These technical signals suggest a potential 📈 buying opportunity for a long position.
💡 Trade Setup:
📍 Entry: 2913
🎯 Target 1: 2924 (110 pips)
🎯 Target 2: 2942 (290 pips)
🎯 Target 3: 2956 (330 pips)
🛑 Stop Loss: 2897
This setup presents a favorable risk-to-reward ratio. Remember to practice 📉 proper risk management!
The market is currently consolidating within a defined support and resistance range of 2903 to 2905. Within this zone, a "W" pattern is emerging, along with a double bottom rejection at the support level. These technical signals suggest a potential 📈 buying opportunity for a long position.
💡 Trade Setup:
📍 Entry: 2913
🎯 Target 1: 2924 (110 pips)
🎯 Target 2: 2942 (290 pips)
🎯 Target 3: 2956 (330 pips)
🛑 Stop Loss: 2897
This setup presents a favorable risk-to-reward ratio. Remember to practice 📉 proper risk management!
Trade active
Trade was active 60 pips runningbut unfortunately ADP NFP news got us Sl
But we didn't gave up we re enter our trade from 2900 with same tp
Note
Tp1 hit 270 Pips close 70% trades and hold 30% wit Break even
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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.