N wave with E, V & N projection.
The chart shows a recent upward correction after a downtrend, with identifiable wave labels (A, B, C).
Price is above Kumo with N level as immediate support (0.225).
Tenkan-sen above Kijun-sen, showing a bullish sentiment.
Price needs to stay above N level (0.225), confirming the bullish continuation.
Entry: Consider a long position if the price breaks above 0.225 with confirming volume.
Stop Loss: Place SL slightly below recent lows, around 0.210, to limit downside risk.
This setup suggests a potential bullish move if the price successfully breaks above the 0.225 level, targeting the V and E projections. Confirmation through volume and price action is crucial for a successful trade.
Monitor price action and volume during breakout. If the price fails to break above 0.225 or reverses, consider avoiding entry or reversing position.
Note:
1. Analysis for education purpses only.
2. Trade at your own risk.
The chart shows a recent upward correction after a downtrend, with identifiable wave labels (A, B, C).
Price is above Kumo with N level as immediate support (0.225).
Tenkan-sen above Kijun-sen, showing a bullish sentiment.
Price needs to stay above N level (0.225), confirming the bullish continuation.
Entry: Consider a long position if the price breaks above 0.225 with confirming volume.
Stop Loss: Place SL slightly below recent lows, around 0.210, to limit downside risk.
This setup suggests a potential bullish move if the price successfully breaks above the 0.225 level, targeting the V and E projections. Confirmation through volume and price action is crucial for a successful trade.
Monitor price action and volume during breakout. If the price fails to break above 0.225 or reverses, consider avoiding entry or reversing position.
Note:
1. Analysis for education purpses only.
2. Trade at your own risk.
Dagangan ditutup: sasaran tercapai
Reached target
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.