Y wave, target (E) within stipulated range.
N wave with E, N, V & NT projection.
NT (0.485) as immediate support. This is the critical support level. If the price remains above 0.485, it indicates that the market retains its bullish momentum. The price is above the Kumo, indicating a bullish trend. The thin cloud ahead also suggests minimal resistance, which could help propel the price upward.
A potential entry could be placed slightly above the NT support level, around 0.490–0.495, as long as the price stays above 0.485 (NT).
For this setup to succeed, a strong bullish candle or volume spike is necessary to confirm upward momentum. Watch for price action and Ichimoku line crosses for additional confirmation.
This strategy will rely on the ability to maintain bullish momentum above NT (0.485), as any drop below could invalidate the upward trajectory.
Note:
1. Analysis for education purposes only.
2. Trade at your own risk.
N wave with E, N, V & NT projection.
NT (0.485) as immediate support. This is the critical support level. If the price remains above 0.485, it indicates that the market retains its bullish momentum. The price is above the Kumo, indicating a bullish trend. The thin cloud ahead also suggests minimal resistance, which could help propel the price upward.
A potential entry could be placed slightly above the NT support level, around 0.490–0.495, as long as the price stays above 0.485 (NT).
For this setup to succeed, a strong bullish candle or volume spike is necessary to confirm upward momentum. Watch for price action and Ichimoku line crosses for additional confirmation.
This strategy will rely on the ability to maintain bullish momentum above NT (0.485), as any drop below could invalidate the upward trajectory.
Note:
1. Analysis for education purposes only.
2. Trade at your own risk.
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.