Forecast & Technical Analysis:
1. Support & Resistance:
Support Zone: Around 148.800 - 149.000, where price has found stability and begun an upward push.
Resistance Zone: 151.000 - 151.200, identified as the next major target.
2. Projected Price Movement:
The price has broken above the consolidation range near 149.000, suggesting bullish momentum.
The forecast suggests a pullback to the breakout zone (red area) before a continuation towards the 151.000 resistance.
3. Trading Considerations:
A buying opportunity exists on a pullback to 149.000, with a stop loss below 148.800.
If price fails to hold above 149.000, a deeper correction could occur before resuming the uptrend.
Trading Strategy:
Entry: Buy near 149.000 - 149.200 on a confirmed retest.
Target: First target 150.500, then 151.000 - 151.200.
Stop Loss: Below 148.800 to minimize risk.
1. Support & Resistance:
Support Zone: Around 148.800 - 149.000, where price has found stability and begun an upward push.
Resistance Zone: 151.000 - 151.200, identified as the next major target.
2. Projected Price Movement:
The price has broken above the consolidation range near 149.000, suggesting bullish momentum.
The forecast suggests a pullback to the breakout zone (red area) before a continuation towards the 151.000 resistance.
3. Trading Considerations:
A buying opportunity exists on a pullback to 149.000, with a stop loss below 148.800.
If price fails to hold above 149.000, a deeper correction could occur before resuming the uptrend.
Trading Strategy:
Entry: Buy near 149.000 - 149.200 on a confirmed retest.
Target: First target 150.500, then 151.000 - 151.200.
Stop Loss: Below 148.800 to minimize 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.