TRADE SETUP (BUY)
Pair (NASDAQ)
Entry 21,700
Entry Zone: Price action shows a breakout above the resistance level (previous high), confirmed by bullish momentum and price emerging above the Ichimoku Cloud.
Target Point: Clearly marked at the 22,000+ level, suggesting a projected move of approximately 300+ points from the entry.
Technical Indicators:
Ichimoku Cloud supports a bullish continuation pattern.
Price Structure: Clean breakout from consolidation zone.
Reward-to-Risk Ratio (R:R): Estimated R:R appears favorable, approximately 3:1 or higher, assuming a modest stop-loss below the breakout zone (~21,600).
Summary:
Trend: Bullish breakout.
Entry: On breakout above 21,700 resistance.
Target: ~22,000.
Stop Loss: Below 21,600 (below cloud support).
This setup favors trend-following traders aiming to capitalize on strong momentum post-breakout with a defined target and manageable risk.
Pair (NASDAQ)
Entry 21,700
Entry Zone: Price action shows a breakout above the resistance level (previous high), confirmed by bullish momentum and price emerging above the Ichimoku Cloud.
Target Point: Clearly marked at the 22,000+ level, suggesting a projected move of approximately 300+ points from the entry.
Technical Indicators:
Ichimoku Cloud supports a bullish continuation pattern.
Price Structure: Clean breakout from consolidation zone.
Reward-to-Risk Ratio (R:R): Estimated R:R appears favorable, approximately 3:1 or higher, assuming a modest stop-loss below the breakout zone (~21,600).
Summary:
Trend: Bullish breakout.
Entry: On breakout above 21,700 resistance.
Target: ~22,000.
Stop Loss: Below 21,600 (below cloud support).
This setup favors trend-following traders aiming to capitalize on strong momentum post-breakout with a defined target and manageable risk.
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Forex, Gold & crypto Signals with detailed Analysis .
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Disclaimer
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t.me/Smart_Money_Flow_SMF
Forex, Gold & crypto Signals with detailed Analysis .
t.me/Trade_Experts_Forex
Gold Signals With proper TP & SL
Forex, Gold & crypto Signals with detailed Analysis .
t.me/Trade_Experts_Forex
Gold Signals With proper TP & SL
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.