IRCON 1D
Swing Trading Setup
Entry Point:
If the price bounces from the 200 EMA and FVG zone, this could offer a good swing trade entry above 251.
Confirmation of a reversal can come from strong bullish candlesticks forming above the 200 EMA.
Stop Loss:
Below the 200 EMA and the FVG zone. A stop loss around the 215 level could protect the trade if the price fails to hold the support.
Take Profit:
If momentum continues, you can extend your take profit to the next resistance level at
352.05
Volume:
The volume in the lower part of the chart is crucial. Higher volumes near support levels (200 EMA) increase the chances of a successful bounce. Keep an eye on any significant rise in volume, confirming the strength of the move.
This setup offers a potential swing opportunity if the price holds support and resumes an upward trend.
Entry Point:
If the price bounces from the 200 EMA and FVG zone, this could offer a good swing trade entry above 251.
Confirmation of a reversal can come from strong bullish candlesticks forming above the 200 EMA.
Stop Loss:
Below the 200 EMA and the FVG zone. A stop loss around the 215 level could protect the trade if the price fails to hold the support.
Take Profit:
If momentum continues, you can extend your take profit to the next resistance level at
352.05
Volume:
The volume in the lower part of the chart is crucial. Higher volumes near support levels (200 EMA) increase the chances of a successful bounce. Keep an eye on any significant rise in volume, confirming the strength of the move.
This setup offers a potential swing opportunity if the price holds support and resumes an upward trend.
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