The chart presents a bullish trend on the 1-hour timeframe, with price recently bouncing off support around 3110. The Ichimoku indicator shows price above the Kijun-sen and Tenkan-sen, affirming the bullish momentum. The ATR suggests reasonable volatility, while the Percent B indicates price is positioned above the middle Bollinger Band, supporting an upward breakout. The entry point is set above the last swing high at 3132.25, with a stop-loss positioned below the recent low at 3121.50. A take-profit target at 3150 provides an attractive risk-reward ratio of 2.0, capitalizing on further upward movement.
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.
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.