Trade Setup:
- Action: Go Long (Buy)
- Entry Point: Above 2142.60
- This is the trigger point for initiating a long position, indicating that the price needs to break above this level to confirm the bullish setup.
Key Levels:
- Fibonacci Resistance Level: 2136.75
- This is a critical level derived from Fibonacci retracement or extension tools, suggesting a significant point of resistance. The price needs to surpass this level to confirm bullish momentum.
- Upside Targets:
- First Target: 2265
- Second Target: 2428
- These targets provide potential profit-taking points as the price moves higher.
Risk Management:
- It's essential to have a risk management strategy in place. This includes setting stop-loss levels to minimize potential losses if the trade does not go as anticipated. The exact stop-loss level can vary depending on your risk tolerance, but it should be placed below the entry point (e.g., below the Fibonacci resistance level at 2136.75).
Summary:
1. Go Long above 2142.60: Wait for the price to break and sustain above this level before entering the trade.
2. Monitor Resistance: Pay attention to the price action around the 2136.75 Fibonacci resistance level to ensure a clean breakout.
3. Upside Levels: Target prices at 2265 and 2428 for potential profit-taking.
4. Risk Management: Use stop-loss orders to protect against downside risks.
By following these guidelines, you can structure your trade with a clear plan for entry, targets, and risk management.
- Action: Go Long (Buy)
- Entry Point: Above 2142.60
- This is the trigger point for initiating a long position, indicating that the price needs to break above this level to confirm the bullish setup.
Key Levels:
- Fibonacci Resistance Level: 2136.75
- This is a critical level derived from Fibonacci retracement or extension tools, suggesting a significant point of resistance. The price needs to surpass this level to confirm bullish momentum.
- Upside Targets:
- First Target: 2265
- Second Target: 2428
- These targets provide potential profit-taking points as the price moves higher.
Risk Management:
- It's essential to have a risk management strategy in place. This includes setting stop-loss levels to minimize potential losses if the trade does not go as anticipated. The exact stop-loss level can vary depending on your risk tolerance, but it should be placed below the entry point (e.g., below the Fibonacci resistance level at 2136.75).
Summary:
1. Go Long above 2142.60: Wait for the price to break and sustain above this level before entering the trade.
2. Monitor Resistance: Pay attention to the price action around the 2136.75 Fibonacci resistance level to ensure a clean breakout.
3. Upside Levels: Target prices at 2265 and 2428 for potential profit-taking.
4. Risk Management: Use stop-loss orders to protect against downside risks.
By following these guidelines, you can structure your trade with a clear plan for entry, targets, and risk management.
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.