The price has broken above the $61.75 resistance and successfully pulled back to retest it as support, confirming a strong buy opportunity.
Key Confirmations:
Breakout above resistance: Signals bullish strength.
Pullback retest: Former resistance now acting as support.
Volume surge: High buying interest reinforces the move.
VWAP positioning: Trading well above VWAP ($61.36), favoring bulls.
Profit Zone: Green-marked target area for potential upside.
Stop-Loss Consideration: Manage risk with a stop in the red-marked zone.
Trade Idea: If momentum holds, this setup could lead to a continued uptrend. Watch price action near support to confirm further movement.
Follow GoldenZoneFX for more content and valuable insights!
What do you think? Let’s discuss this setup!
Key Confirmations:
Breakout above resistance: Signals bullish strength.
Pullback retest: Former resistance now acting as support.
Volume surge: High buying interest reinforces the move.
VWAP positioning: Trading well above VWAP ($61.36), favoring bulls.
Profit Zone: Green-marked target area for potential upside.
Stop-Loss Consideration: Manage risk with a stop in the red-marked zone.
Trade Idea: If momentum holds, this setup could lead to a continued uptrend. Watch price action near support to confirm further movement.
Follow GoldenZoneFX for more content and valuable insights!
What do you think? Let’s discuss this setup!
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.
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.