200 EMA (blue): 3085.72 (bearish as price is below it)
30 EMA (red): 3033.52
Current Price: 3034.10
🟪 Key Zones (Highlighted in Purple)
Resistance Zone: Around 3045.54–3065.70
Support Zone: Around 2968.27
Previous High Zone / Target Area: 3158.42
📉 Short Trade Setup (Blue Arrow Going Down)
Entry Area: If price rejects the resistance zone around 3045–3065
Stop Loss: Above the zone, around 3065.70
Take Profit: At the support zone, 2968.27
Risk-to-Reward: Approx. 2.4x (shown as -2.43%)
📈 Long Trade Setup (Blue Arrow Going Up)
Entry Area: If price breaks and holds above the 3065.70 zone
Stop Loss: Below 3045.54 zone
Take Profit: 3158.42 (previous resistance)
Risk-to-Reward: Approx. 3.0x (shown as 3.00%)
💡 Analysis Summary
Price is currently ranging just below the resistance zone.
Two possible scenarios:
Rejection from the zone → short entry.
Breakout above zone → long opportunity.
Use EMA alignment for confirmation:
Bearish if price stays below both EMAs.
Bullish if price breaks above 200 EMA (3085.72).
30 EMA (red): 3033.52
Current Price: 3034.10
🟪 Key Zones (Highlighted in Purple)
Resistance Zone: Around 3045.54–3065.70
Support Zone: Around 2968.27
Previous High Zone / Target Area: 3158.42
📉 Short Trade Setup (Blue Arrow Going Down)
Entry Area: If price rejects the resistance zone around 3045–3065
Stop Loss: Above the zone, around 3065.70
Take Profit: At the support zone, 2968.27
Risk-to-Reward: Approx. 2.4x (shown as -2.43%)
📈 Long Trade Setup (Blue Arrow Going Up)
Entry Area: If price breaks and holds above the 3065.70 zone
Stop Loss: Below 3045.54 zone
Take Profit: 3158.42 (previous resistance)
Risk-to-Reward: Approx. 3.0x (shown as 3.00%)
💡 Analysis Summary
Price is currently ranging just below the resistance zone.
Two possible scenarios:
Rejection from the zone → short entry.
Breakout above zone → long opportunity.
Use EMA alignment for confirmation:
Bearish if price stays below both EMAs.
Bullish if price breaks above 200 EMA (3085.72).
Trade closed: target reached
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Join my telegram (COPY_TRADE)
t.me/TOP1INVEESTADMEN
Join my refrel broker link
one.exnesstrack.org/a/l1t1rf3p6v
t.me/TOP1INVEESTADMEN
Join my refrel broker link
one.exnesstrack.org/a/l1t1rf3p6v
Related publications
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.