🔹 Trend Overview:
The market recently broke out of a downtrend, showing signs of a bullish reversal with higher highs (HH) and higher lows (HL).
🔹 Key Levels:
📈 Resistance: 20,600 – If broken, bullish momentum could continue.
📉 Support: 20,200 – Could act as a retest zone if price pulls back.
🔹 Market Structure:
✅ Higher highs & higher lows confirm an uptrend.
🚀 If 20,600 breaks, targets are 21,000 → 21,300.
⚠️ Rejection at 20,600 could lead to a pullback toward 20,200 or 19,880.
🔹 Trade Idea:
Bullish above 20,600 with a target of 21,000+.
Bearish rejection at 20,600 could provide a short opportunity toward 20,200.
📌 Risk Management: Wait for confirmations before entering trades. Set SL below recent structure lows.
The market recently broke out of a downtrend, showing signs of a bullish reversal with higher highs (HH) and higher lows (HL).
🔹 Key Levels:
📈 Resistance: 20,600 – If broken, bullish momentum could continue.
📉 Support: 20,200 – Could act as a retest zone if price pulls back.
🔹 Market Structure:
✅ Higher highs & higher lows confirm an uptrend.
🚀 If 20,600 breaks, targets are 21,000 → 21,300.
⚠️ Rejection at 20,600 could lead to a pullback toward 20,200 or 19,880.
🔹 Trade Idea:
Bullish above 20,600 with a target of 21,000+.
Bearish rejection at 20,600 could provide a short opportunity toward 20,200.
📌 Risk Management: Wait for confirmations before entering trades. Set SL below recent structure lows.
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.