Chart Details:
Current Price: 2914.880
Range: The price has been consolidating within a range and is near a breakout.
Trading Plan:
Sell Setup:
Entry: Around 2914
Take Profit 1: 2925
Target Profit: 2940
Stop Loss: 2895
Analysis:
This setup follows a breakout trading strategy, where if the price moves in the expected bearish direction, it may reach the first take profit level at 2925 and then the target at 2940. However, if the price reverses and moves above 2895, the stop loss will be triggered.
This appears to be a bearish trading signal, suggesting a sell opportunity with a potential downside move.
Current Price: 2914.880
Range: The price has been consolidating within a range and is near a breakout.
Trading Plan:
Sell Setup:
Entry: Around 2914
Take Profit 1: 2925
Target Profit: 2940
Stop Loss: 2895
Analysis:
This setup follows a breakout trading strategy, where if the price moves in the expected bearish direction, it may reach the first take profit level at 2925 and then the target at 2940. However, if the price reverses and moves above 2895, the stop loss will be triggered.
This appears to be a bearish trading signal, suggesting a sell opportunity with a potential downside move.
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.