The price has broken above the descending trendline, signaling a potential bullish reversal. Currently, it is trading above a key support zone and could continue its upward momentum.
📈 Buy Setup:
Entry: 1.09048
Stop Loss: 1.08865 (To protect against market noise)
Take Profit: 1.09422 (Nearest resistance target)
🔎 This is a breakout opportunity combined with Fibonacci levels, ideal for trend-following traders.
📊 Personal View: The bullish momentum is strong, but it’s important to watch price reactions at resistance levels. What do you think about this setup? Let’s discuss! 👇
📈 Buy Setup:
Entry: 1.09048
Stop Loss: 1.08865 (To protect against market noise)
Take Profit: 1.09422 (Nearest resistance target)
🔎 This is a breakout opportunity combined with Fibonacci levels, ideal for trend-following traders.
📊 Personal View: The bullish momentum is strong, but it’s important to watch price reactions at resistance levels. What do you think about this setup? Let’s discuss! 👇
Trade closed: target reached
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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.