Long Bias Formation:
Foundation: Starts at 19,818.
Key Break: Moving above 20,680 last week suggests a revisit to 20,680 and potentially higher.
Entry Strategy:
Ideal long entry: Around 19,979.
Buy Zone: Between 20,021 and 19,916.
Look for wicks on the 1-hour and 10-minute charts that show support.
Risk Management:
Invalidate Long Bias: If any candle wicks below 19,818, it would negate the short-term long outlook.
Target Prices (TP):
First TP: 20,680.
Final TP: 21,212.75.
This analysis sets up the key levels and strategy for the week ahead.
Foundation: Starts at 19,818.
Key Break: Moving above 20,680 last week suggests a revisit to 20,680 and potentially higher.
Entry Strategy:
Ideal long entry: Around 19,979.
Buy Zone: Between 20,021 and 19,916.
Look for wicks on the 1-hour and 10-minute charts that show support.
Risk Management:
Invalidate Long Bias: If any candle wicks below 19,818, it would negate the short-term long outlook.
Target Prices (TP):
First TP: 20,680.
Final TP: 21,212.75.
This analysis sets up the key levels and strategy for the week ahead.
Note
*rockets*
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.