ADCB Long setup
ADCB (Abu Dhabi Commercial Bank) – 30-Minute Chart Analysis
- The price is currently in an overall uptrend forming higher highs (HH) and higher lows (HL).
- After a possible short-term correction
- The price is recently tested a key demand zone around 11.58 - 11.44 and touching the upward trend line which acts as a resistance level.
Trade Setup
- **Entry:** at **11.82 - 11.92**.
- **Stop Loss:** (Below 11.40)
- **Target:** 12.60 (next supply zone )
- **Risk-Reward Ratio:** ~1:3
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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.
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.