Hi Traders,
Check out our 1H chart levels and trading analysis.
As expected, our analysis has played out perfectly last 2 days. The EMA5 crossed and held above various levels, reaching our bullish target of 2745 and breaking through the resistance level as well. We highlighted that the next directional move would be confirmed once the EMA5 crossed and locked above weighted levels—and that’s exactly what happened.
Currently, the price is moving between two weighed levels, with a gap above at 2751 and a gap below at 2738. We need to see the EMA5 cross and lock on either of these levels to confirm the next range.
Until then, we can expect the levels to be tested side by side until one of the weighed levels breaks and locks, confirming the direction of the next move.
Remember to focus on buying dips. Our updated levels and weighed zones will help track downward movements and capitalize on upward bounces.
Continue to buy dips at our support levels, targeting 25–35 pips per trade. Each level structure typically provides bounces within this range, making it ideal for precise entry and exit opportunities.
BULLISH TARGET
2765
EMA5 CROSS AND LOCK ABOVE 2724 WILL OPEN THE FOLLOWING BULLISH TARGET
2738 DONE
EMA5 CROSS AND LOCK ABOVE 2738 WILL OPEN THE FOLLOWING BULLISH TARGET
2751
EMA5 CROSS AND LOCK ABOVE 2751 WILL OPEN THE FOLLOWING BULLISH TARGET
2765
EMA5 CROSS AND LOCK ABOVE 2765 WILL OPEN THE FOLLOWING BULLISH TARGET
2786
BEARISH TARGETS
2691 DONE
EMA5 CROSS AND LOCK BELOW 2691 WILL OPEN THE FOLLOWING BEARISH TARGET
2673
EMA5 CROSS AND LOCK BELOW 2673 WILL OPEN THE FOLLOWING BEARISH TARGET
2663 - 2645
EMA5 CROSS AND LOCK BELOW 2645 WILL OPEN THE SWING RANGE
SWING RANGE
2630 - 2615
as always, we’ll keep you updated throughout the week with regular insights on how we’re managing active ideas and setups. Thank you all for your continued support, including your likes, comments, and follows – we truly appreciate it!
TheQuantumTraders