200 EMA (Blue) at 1.43070: Represents long-term trend resistance.
30 EMA (Red) at 1.42660: Represents short-term trend direction.
Price has strongly surged above the 30 EMA, indicating bullish momentum.
Support and Resistance Levels:
Support Zone (Red area at the bottom): Marked near 1.42150, where the price reversed.
Target Resistance (Blue at the top) at 1.43672: Marking the expected profit zone.
Trade Setup:
Entry Point: Near the support zone at 1.42451-1.42660.
Stop Loss: Placed below 1.42150, to minimize risk.
Target Point: 1.43672, aligning with a previous resistance level.
Price Movement: A strong bullish breakout occurred, moving rapidly toward the target.
Trade Analysis:
✅ Successful Long Trade: Price moved sharply upward after consolidating at support.
📈 Momentum Confirmation: The strong bullish candles indicate aggressive buying.
🎯 Target Achieved: The trade reached the projected 1.43672 level, generating a solid risk-to-reward outcome.
Potential Future Outlook:
If the price sustains above 1.43672, further upside could be seen toward 1.44000.
If it faces resistance, a pullback toward 1.43070 (200 EMA) may occur before another move.
30 EMA (Red) at 1.42660: Represents short-term trend direction.
Price has strongly surged above the 30 EMA, indicating bullish momentum.
Support and Resistance Levels:
Support Zone (Red area at the bottom): Marked near 1.42150, where the price reversed.
Target Resistance (Blue at the top) at 1.43672: Marking the expected profit zone.
Trade Setup:
Entry Point: Near the support zone at 1.42451-1.42660.
Stop Loss: Placed below 1.42150, to minimize risk.
Target Point: 1.43672, aligning with a previous resistance level.
Price Movement: A strong bullish breakout occurred, moving rapidly toward the target.
Trade Analysis:
✅ Successful Long Trade: Price moved sharply upward after consolidating at support.
📈 Momentum Confirmation: The strong bullish candles indicate aggressive buying.
🎯 Target Achieved: The trade reached the projected 1.43672 level, generating a solid risk-to-reward outcome.
Potential Future Outlook:
If the price sustains above 1.43672, further upside could be seen toward 1.44000.
If it faces resistance, a pullback toward 1.43070 (200 EMA) may occur before another move.
Trade active
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.