Chart Analysis Summary:
The price is currently around 61.46.
You've marked a demand zone between approximately 60.11 – 60.50, suggesting a strong buy interest in that area.
The chart shows a projected bullish move with a strong red arrow pointing toward 65.00+.
The projection includes a breakout, a possible pullback, then continuation to higher levels.
Trade Setup (Buy Setup):
1. Entry Point:
Look for buy entries in the demand zone, ideally around:
Entry: 60.11 – 60.50
(Wait for bullish confirmation — engulfing candle, bullish divergence, or other signals in that zone.)
2. Stop Loss (SL):
Just below the demand zone:
SL: 59.50
3. Take Profit 1 (TP1):
At the structure or resistance level shown before pullback:
TP1: 63.50
4. Final Target:
As indicated by your arrow projection:
Final TP: 65.50 – 66.00
The price is currently around 61.46.
You've marked a demand zone between approximately 60.11 – 60.50, suggesting a strong buy interest in that area.
The chart shows a projected bullish move with a strong red arrow pointing toward 65.00+.
The projection includes a breakout, a possible pullback, then continuation to higher levels.
Trade Setup (Buy Setup):
1. Entry Point:
Look for buy entries in the demand zone, ideally around:
Entry: 60.11 – 60.50
(Wait for bullish confirmation — engulfing candle, bullish divergence, or other signals in that zone.)
2. Stop Loss (SL):
Just below the demand zone:
SL: 59.50
3. Take Profit 1 (TP1):
At the structure or resistance level shown before pullback:
TP1: 63.50
4. Final Target:
As indicated by your arrow projection:
Final TP: 65.50 – 66.00
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.