Analysis Overview:
ZEN is currently in a downtrend but is forming a potential Harmonic Pattern on the 1-hour timeframe. This is accompanied by Bullish Divergence, which suggests a possible trend reversal to the upside.
For a confirmed bullish trend, we need a decisive breakout above the previous Lower Highs (LHs). Once this occurs, the price structure may shift, forming Higher Highs (HHs) and Higher Lows (HLs), reinforcing a bullish outlook.
Trading Plan:
Entry Trigger: Wait for a breakout above the previous LHs as confirmation.
Risk Management: Use a well-defined stop-loss level below the recent swing low to minimize risks.
Target: Gradually scale into the position as HHs and HLs form, aiming for key resistance levels.
Note: Always adhere to your trading plan and risk management rules. Wait for confirmation before entering a trade.
ZEN is currently in a downtrend but is forming a potential Harmonic Pattern on the 1-hour timeframe. This is accompanied by Bullish Divergence, which suggests a possible trend reversal to the upside.
For a confirmed bullish trend, we need a decisive breakout above the previous Lower Highs (LHs). Once this occurs, the price structure may shift, forming Higher Highs (HHs) and Higher Lows (HLs), reinforcing a bullish outlook.
Trading Plan:
Entry Trigger: Wait for a breakout above the previous LHs as confirmation.
Risk Management: Use a well-defined stop-loss level below the recent swing low to minimize risks.
Target: Gradually scale into the position as HHs and HLs form, aiming for key resistance levels.
Note: Always adhere to your trading plan and risk management rules. Wait for confirmation before entering a trade.
Nota
Trade is Still valid, move ur buy order to 23.50 and SL to 18.85
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.