hello guys!
Double Bottom Formation: The price has established a solid support zone around $0.1504, forming the base of a double bottom pattern. This structure indicates buyer strength and the potential for upward movement.
Target Level: The breakout target is set at $0.1564, which aligns with a previous resistance zone. This level represents the next hurdle for the bulls.
Two Scenarios:
Scenario 1: A direct continuation of the bullish momentum towards the $0.1564 level.
Scenario 2: A pullback to retest the neckline ($0.1504-$0.1510 area) before a potential rally to the target.
Stop Loss Placement: A break below $0.1483 would invalidate the bullish setup, making it a suitable stop-loss level for risk management.
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Strategy:
For Long Positions: Enter on a breakout above $0.1539 with a target of $0.1564. Alternatively, wait for a retest of the neckline before entering.
Risk Management: Place a stop-loss below $0.1483 to limit downside risk.
Double Bottom Formation: The price has established a solid support zone around $0.1504, forming the base of a double bottom pattern. This structure indicates buyer strength and the potential for upward movement.
Target Level: The breakout target is set at $0.1564, which aligns with a previous resistance zone. This level represents the next hurdle for the bulls.
Two Scenarios:
Scenario 1: A direct continuation of the bullish momentum towards the $0.1564 level.
Scenario 2: A pullback to retest the neckline ($0.1504-$0.1510 area) before a potential rally to the target.
Stop Loss Placement: A break below $0.1483 would invalidate the bullish setup, making it a suitable stop-loss level for risk management.
___________________
Strategy:
For Long Positions: Enter on a breakout above $0.1539 with a target of $0.1564. Alternatively, wait for a retest of the neckline before entering.
Risk Management: Place a stop-loss below $0.1483 to limit downside risk.
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Telegram channel: t.me/melikatrader94
Forex channel: t.me/melikatrader94GoldForex
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Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Tired of watching charts all day? Veles lets you create trading bots that work 24/7.
Sign up now and get $5: veles.finance/invite/melika
Telegram channel: t.me/melikatrader94
Forex channel: t.me/melikatrader94GoldForex
Sign up now and get $5: veles.finance/invite/melika
Telegram channel: t.me/melikatrader94
Forex channel: t.me/melikatrader94GoldForex
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.