Key Analysis:
Harmonic Pattern & Breakout: The price broke out from the triangle pattern, confirming bullish momentum.
Retest & Buy Zone: The market is currently retesting the breakout level, aligning with the previous resistance turned support.
Trade Setup:
Entry: Around 0.6330 (support zone)
Stop Loss (SL): Below 0.6316
Take Profit (TP): Around 0.6415, targeting previous highs
Trading Outlook:
If price holds above 0.6330, a bullish move toward 0.6400+ is expected.
A break below 0.6316 could invalidate the setup, leading to a deeper correction
Harmonic Pattern & Breakout: The price broke out from the triangle pattern, confirming bullish momentum.
Retest & Buy Zone: The market is currently retesting the breakout level, aligning with the previous resistance turned support.
Trade Setup:
Entry: Around 0.6330 (support zone)
Stop Loss (SL): Below 0.6316
Take Profit (TP): Around 0.6415, targeting previous highs
Trading Outlook:
If price holds above 0.6330, a bullish move toward 0.6400+ is expected.
A break below 0.6316 could invalidate the setup, leading to a deeper correction
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.