Price has tapped into a strong demand zone around 3,218 – 3,233, showing signs of a potential bullish reversal. After a sharp decline, buyers are stepping in, indicating possible upward momentum.
Trade Setup:
• Entry: Around 3,233
• Stop Loss: Below 3,218
• Take Profit: Targeting the 3,293 – 3,295 resistance zone
• R/R Ratio: Approximately 1:2+
Structure supports a bullish move after market broke downward momentum and found support. Expecting price to retrace toward previous structure highs or resistance.
Trade idea based on:
• Demand zone reaction
• Bullish price action confirmation
• Clean R/R setup
Always follow your own analysis and risk management.
Trade Setup:
• Entry: Around 3,233
• Stop Loss: Below 3,218
• Take Profit: Targeting the 3,293 – 3,295 resistance zone
• R/R Ratio: Approximately 1:2+
Structure supports a bullish move after market broke downward momentum and found support. Expecting price to retrace toward previous structure highs or resistance.
Trade idea based on:
• Demand zone reaction
• Bullish price action confirmation
• Clean R/R setup
Always follow your own analysis and risk management.
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.