Technical Analysis
Trade Setup:
A buy position has been placed based on a key reversal area, suggesting a potential bullish move.
Entry Point: Positioned slightly above a previous support zone.
Stop-Loss (SL): Set near $2,969.921, below the reversal zone to mitigate downside risk.
Take-Profit (TP) Targets:
TP 1: Intermediate resistance level.
TP 2: Higher resistance zone, indicating moderate price appreciation.
TP 3: Final profit target, suggesting a breakout scenario.
Support and Resistance Levels:
The reversal area has been identified as a critical support level.
Resistance is observed near $3,057.993, which represents the potential upside target.
Risk-to-Reward Ratio:
The trade exhibits a favorable risk-to-reward ratio, with the take-profit zone significantly larger than the stop-loss area, indicating a bullish outlook.
Market Sentiment & Outlook
Bullish Bias: The setup suggests an expectation of price appreciation, provided the support holds and momentum sustains.
Key Considerations: External factors such as U.S. economic data, Federal Reserve policies, and geopolitical events could influence price movements.
Trade Setup:
A buy position has been placed based on a key reversal area, suggesting a potential bullish move.
Entry Point: Positioned slightly above a previous support zone.
Stop-Loss (SL): Set near $2,969.921, below the reversal zone to mitigate downside risk.
Take-Profit (TP) Targets:
TP 1: Intermediate resistance level.
TP 2: Higher resistance zone, indicating moderate price appreciation.
TP 3: Final profit target, suggesting a breakout scenario.
Support and Resistance Levels:
The reversal area has been identified as a critical support level.
Resistance is observed near $3,057.993, which represents the potential upside target.
Risk-to-Reward Ratio:
The trade exhibits a favorable risk-to-reward ratio, with the take-profit zone significantly larger than the stop-loss area, indicating a bullish outlook.
Market Sentiment & Outlook
Bullish Bias: The setup suggests an expectation of price appreciation, provided the support holds and momentum sustains.
Key Considerations: External factors such as U.S. economic data, Federal Reserve policies, and geopolitical events could influence price movements.
Trade active
running 130+pips 1:5 risk reward runningTrade closed: target reached
300+pips running wait for the final tp then buy for new high 
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.