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1. Uptrend Channel:
The price was moving within an ascending channel, making higher highs and higher lows.
The channel is drawn with two parallel black trendlines.
2. Breakout Point:
The price broke above the upper trendline (marked with a red circle), signaling a potential bullish breakout.
The label "breakout" confirms this observation.
3. Target and Price Action:
A green target zone is marked around 3,070 - 3,092, suggesting a potential price objective if the breakout sustains.
The blue arrows show a possible price movement—pullback to retest the breakout level before continuing upward.
If the breakout fails, price may drop back into the channel, leading to a reversal.
4. Stop-Loss (SL):
A stop-loss (SL) level is marked below the 3,004 level, just beneath the trendline, to protect against false breakouts.
Summary:
The trendline breakout suggests a bullish continuation if the price holds above the breakout level.
A retest of the breakout level is expected before further upside.
If the price drops below 3,004, the breakout could be invalidated.
Would you like a deeper analysis or additional trading insights on this setup?
Today Fomc News Coming soon and My all time favorite new all news my favorite and we are sure 500+ pips collected all big news favorite...
1. Uptrend Channel:
The price was moving within an ascending channel, making higher highs and higher lows.
The channel is drawn with two parallel black trendlines.
2. Breakout Point:
The price broke above the upper trendline (marked with a red circle), signaling a potential bullish breakout.
The label "breakout" confirms this observation.
3. Target and Price Action:
A green target zone is marked around 3,070 - 3,092, suggesting a potential price objective if the breakout sustains.
The blue arrows show a possible price movement—pullback to retest the breakout level before continuing upward.
If the breakout fails, price may drop back into the channel, leading to a reversal.
4. Stop-Loss (SL):
A stop-loss (SL) level is marked below the 3,004 level, just beneath the trendline, to protect against false breakouts.
Summary:
The trendline breakout suggests a bullish continuation if the price holds above the breakout level.
A retest of the breakout level is expected before further upside.
If the price drops below 3,004, the breakout could be invalidated.
Would you like a deeper analysis or additional trading insights on this setup?
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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.
Related publications
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.