Chart Analysis Overview:
🔹 Key Level: 3280-3270
> This level acts as the decision point for the next move.
> The price is currently hovering just above it, making it crucial for short-term direction.
📉 Bearish Scenario (Sell Setup)
Trigger: Break below 3270
: Entry Zone: Around or shortly after the break
Targets:
>> TP1: 3225 <<
>> Final TP: 3200 <<
A clean break below 3270 indicates bearish momentum and could signal continuation to the downside, aligning with the previous low structure.
✅ Notes:
Enter only after a 1H candle closes below 3270.
Watch for a possible retest of 3270 as resistance before the drop.
📈 Bullish Scenario (Buy Setup)
: Trigger: Price holds above 3270 and forms a higher low.
: Pattern Forecasted: A retracement followed by an impulse wave upward.
: Targets:
>> TP1: 3350
>> Final TP: 3400
Rationale: If support holds at 3270, a reversal pattern is expected, targeting the previous resistance areas.
✅ Notes:
Look for bullish candlestick patterns (e.g., engulfing, hammer) near 3270.
Avoid chasing if the price shoots up without a clean pullback.
🔹 Key Level: 3280-3270
> This level acts as the decision point for the next move.
> The price is currently hovering just above it, making it crucial for short-term direction.
📉 Bearish Scenario (Sell Setup)
Trigger: Break below 3270
: Entry Zone: Around or shortly after the break
Targets:
>> TP1: 3225 <<
>> Final TP: 3200 <<
A clean break below 3270 indicates bearish momentum and could signal continuation to the downside, aligning with the previous low structure.
✅ Notes:
Enter only after a 1H candle closes below 3270.
Watch for a possible retest of 3270 as resistance before the drop.
📈 Bullish Scenario (Buy Setup)
: Trigger: Price holds above 3270 and forms a higher low.
: Pattern Forecasted: A retracement followed by an impulse wave upward.
: Targets:
>> TP1: 3350
>> Final TP: 3400
Rationale: If support holds at 3270, a reversal pattern is expected, targeting the previous resistance areas.
✅ Notes:
Look for bullish candlestick patterns (e.g., engulfing, hammer) near 3270.
Avoid chasing if the price shoots up without a clean pullback.
Trade active
Congrats market perfectly touched the price of 3270 area which was our first plan.Almost 520 pips done.
Trade closed: target reached
Our final target 3200 hit.
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t.me/GoldenpipsFXtrader
t.me/GoldenpipsFXtrader
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.
Thank you for visiting us! Join us for more trading insights and signals.
t.me/GoldenpipsFXtrader
t.me/GoldenpipsFXtrader
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.