The chart shows a bullish structure with an upward trendline providing support. Price is approaching a Point of Interest (POI) zone, which acts as resistance. A potential breakout above this POI could target the Fair Value Gap (FVG) zone higher up. However, if the trendline support breaks, it may signal a bearish reversal. The scenario suggests a focus on maintaining the bullish momentum while managing risks below the trendline.
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.