🧠 Analysis Idea Summary:
1. Support Zone:
The highlighted yellow box at the bottom is marked as "SUPPORT".
Price has bounced from this zone multiple times (see green arrows), showing demand and buyer interest here.
2. Target Zone:
The top yellow box is marked as "TARGET", indicating a potential resistance or profit-taking area.
The price has previously reacted here, reinforcing it as a logical upside objective.
3. Trend Context:
The 50 EMA (red) is just above the current price level (~1.13376), indicating a short-term resistance that could be tested or broken.
The 200 EMA (blue) is far below, reinforcing that the larger trend may still be bullish unless the support breaks.
4. Pattern Suggestion:
The black arrow suggests a bullish scenario: a short pullback followed by a continuation to the target zone.
This resembles a range breakout trade or support-to-resistance bounce setup.
5. Risk-to-Reward:
Long entry near support offers a favorable risk/reward ratio targeting the top of the range.
✅ Possible Trading Plan (Not Financial Advice):
Entry: On pullback after recent bounce confirmation near 1.13100–1.13300.
Stop Loss: Below support zone (e.g., under 1.12800).
Take Profit: At the top of the range (~1.14300–1.14500).
1. Support Zone:
The highlighted yellow box at the bottom is marked as "SUPPORT".
Price has bounced from this zone multiple times (see green arrows), showing demand and buyer interest here.
2. Target Zone:
The top yellow box is marked as "TARGET", indicating a potential resistance or profit-taking area.
The price has previously reacted here, reinforcing it as a logical upside objective.
3. Trend Context:
The 50 EMA (red) is just above the current price level (~1.13376), indicating a short-term resistance that could be tested or broken.
The 200 EMA (blue) is far below, reinforcing that the larger trend may still be bullish unless the support breaks.
4. Pattern Suggestion:
The black arrow suggests a bullish scenario: a short pullback followed by a continuation to the target zone.
This resembles a range breakout trade or support-to-resistance bounce setup.
5. Risk-to-Reward:
Long entry near support offers a favorable risk/reward ratio targeting the top of the range.
✅ Possible Trading Plan (Not Financial Advice):
Entry: On pullback after recent bounce confirmation near 1.13100–1.13300.
Stop Loss: Below support zone (e.g., under 1.12800).
Take Profit: At the top of the range (~1.14300–1.14500).
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﷽ᴡᴇʟᴄᴏᴍᴇ ᴛᴏ MY CANDLE MASTER CHANNEL Join my vip channel.
t.me/Fxhenry222
t.me/Brook0953
t.me/Fxhenry222
t.me/Brook0953
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.