ADCB Long setup
ADCB (Abu Dhabi Commercial Bank) – 30-Minute Chart Analysis
- The price is currently in an overall uptrend forming higher highs (HH) and higher lows (HL).
- After a possible short-term correction
- The price is recently tested a key demand zone around 11.58 - 11.44 and touching the upward trend line which acts as a resistance level.
Trade Setup
- **Entry:** at **11.82 - 11.92**.
- **Stop Loss:** (Below 11.40)
- **Target:** 12.60 (next supply zone )
- **Risk-Reward Ratio:** ~1:3
