Daily Time Frame: The 0.90425 to 0.90750 range, previously a strong resistance, has now turned into a solid support level and has held firm since May 15, 2024.
4-Hour Time Frame: A bullish flag pattern has emerged, indicating the potential for the market to reach the 0.92300 level.
Hourly Time Frame: The market appears to be testing the support level again, suggesting a possible bullish rebound.
Trade Plan:
Entry: Enter the market at the current market price (CMP).
Stop Loss: Place the stop loss below the support level.
Take Profit:
TP1: 0.91130
TP2: 0.91490
TP3: 0.91850
Extended Target: Hold the trade until the market reaches the 0.92300 zone.
4-Hour Time Frame: A bullish flag pattern has emerged, indicating the potential for the market to reach the 0.92300 level.
Hourly Time Frame: The market appears to be testing the support level again, suggesting a possible bullish rebound.
Trade Plan:
Entry: Enter the market at the current market price (CMP).
Stop Loss: Place the stop loss below the support level.
Take Profit:
TP1: 0.91130
TP2: 0.91490
TP3: 0.91850
Extended Target: Hold the trade until the market reaches the 0.92300 zone.
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.
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.