Trade Recommendation:
Entry: Place a buy trade near the current support level of 29.60 (Ichimoku's lagging span and base line alignment).
Stop Loss (SL): Below 29.40, as it aligns with a significant Ichimoku support and the leading span B.
Take Profit (TP): Around 30.63 or the weekly resistance at 30.00, depending on your risk-reward preference.
Analysis:
The Ichimoku cloud shows upward momentum.
A bounce off the daily support suggests continuation toward the monthly resistance near 30.63.
Entry during a session with high liquidity, such as London or New York, would increase probability.
Timing:
Expect movement within 12–24 hours after market open (Sunday night Camrose time), especially during the London session.
Entry: Place a buy trade near the current support level of 29.60 (Ichimoku's lagging span and base line alignment).
Stop Loss (SL): Below 29.40, as it aligns with a significant Ichimoku support and the leading span B.
Take Profit (TP): Around 30.63 or the weekly resistance at 30.00, depending on your risk-reward preference.
Analysis:
The Ichimoku cloud shows upward momentum.
A bounce off the daily support suggests continuation toward the monthly resistance near 30.63.
Entry during a session with high liquidity, such as London or New York, would increase probability.
Timing:
Expect movement within 12–24 hours after market open (Sunday night Camrose time), especially during the London session.
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.