Technical Analysis :
Strategy : Price Action with SMC
Type of Trade : Swing Trading
Time Frame : Daily
=> The downtrend end is observed by Double Bottom
=> The trend reversal (uptrend) is confirmed by broken the Neckline (Previous LHs). Moreover, the 50 EMA is greater than 200 EMA.
=> In an Uptrend, identified the Strong Demand Zone
=> Demand Zone mitigation also done with Liquidity Sweep. In addition, the price is bounced from the 200EMA
=> After Liquidity Sweep, I expect that the price is reversed to reach the target zone by forming CHOCH
=> So, I expect that the price is trying to reach the Target after collecting the pending orders at the FVG area. Therefore, I marked the entry level zone @ FVG (765/770)
=> SL (700) is the recent swing low on closing basis, which is also marked.
Based on the above analysis on the daily time frame, suggest to buy for the target of 885/890.
== EDUCATIONAL PURPOSE ONLY ==
Strategy : Price Action with SMC
Type of Trade : Swing Trading
Time Frame : Daily
=> The downtrend end is observed by Double Bottom
=> The trend reversal (uptrend) is confirmed by broken the Neckline (Previous LHs). Moreover, the 50 EMA is greater than 200 EMA.
=> In an Uptrend, identified the Strong Demand Zone
=> Demand Zone mitigation also done with Liquidity Sweep. In addition, the price is bounced from the 200EMA
=> After Liquidity Sweep, I expect that the price is reversed to reach the target zone by forming CHOCH
=> So, I expect that the price is trying to reach the Target after collecting the pending orders at the FVG area. Therefore, I marked the entry level zone @ FVG (765/770)
=> SL (700) is the recent swing low on closing basis, which is also marked.
Based on the above analysis on the daily time frame, suggest to buy for the target of 885/890.
== EDUCATIONAL PURPOSE ONLY ==
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.