Key Observations:
1. Support and Resistance Zone:
The blue rectangular box indicates a consolidation range where price has been moving sideways.
The black horizontal line marks a key support level where price is expected to bounce.
2. Expected Move (Arrow Projection):
The black arrow suggests that price may dip slightly to support and then rally upward toward the upper resistance levels.
The take-profit (TP) level is placed around 1.27118, indicating a bullish target.
3. Technical Analysis:
The market has broken out of a previous uptrend channel and is currently retesting a support level.
If the price holds this support, a bullish continuation is expected.
The stop-loss (SL) is placed below the key support zone at around 1.25475, minimizing risk.
Conclusion:
Bullish Setup: Looking for a buy entry around the support zone with an expected move toward 1.27118.
Invalidation: If the price breaks below support (1.25475), the bullish outlook weakens.
Next Resistance Levels: 1.26500 → 1.27000 → 1.27118 (target).
This looks like a solid trade idea with good risk-to-reward. Are you entering this trade now or waiting for confirmation?
1. Support and Resistance Zone:
The blue rectangular box indicates a consolidation range where price has been moving sideways.
The black horizontal line marks a key support level where price is expected to bounce.
2. Expected Move (Arrow Projection):
The black arrow suggests that price may dip slightly to support and then rally upward toward the upper resistance levels.
The take-profit (TP) level is placed around 1.27118, indicating a bullish target.
3. Technical Analysis:
The market has broken out of a previous uptrend channel and is currently retesting a support level.
If the price holds this support, a bullish continuation is expected.
The stop-loss (SL) is placed below the key support zone at around 1.25475, minimizing risk.
Conclusion:
Bullish Setup: Looking for a buy entry around the support zone with an expected move toward 1.27118.
Invalidation: If the price breaks below support (1.25475), the bullish outlook weakens.
Next Resistance Levels: 1.26500 → 1.27000 → 1.27118 (target).
This looks like a solid trade idea with good risk-to-reward. Are you entering this trade now or waiting for confirmation?
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.