LEVELS AND FVG
Resistance Area (2,520 - 2,528):
Price faced resistance near the 2,520 level and sharply retraced from this zone. Watch for any attempts to break above this zone.
A breakout above 2,520 may suggest bullish momentum towards 2,528 and potentially higher levels.
Immediate Support Area (2,510):
After the recent rejection from 2,520, price is now holding around 2,510.
If the price holds this level and shows bullish strength, it could be a potential area for long entries with targets near 2,520 and 2,528.
Next Support Area (2,504 - 2,501):
If the price breaks below 2,510, look for the next support at 2,504 and potentially 2,501. These are potential reversal zones for long positions or continuation points for shorts.
Deeper Support (2,488 - 2,490):
If the price fails to hold above the current immediate support, the next key area is around 2,488 – 2,490, where buyers previously defended. This could serve as a more conservative entry for long positions if the price reaches this area.
Strategy Plan:
Bullish Scenario (Long):
Entry: Look for a potential buy near 2,510 if the price holds and shows bullish momentum.
Targets: First target around 2,520, second target around 2,528.
Stop-Loss: Below the recent low of 2,504 to protect against a downside move.
Bearish Scenario (Short):
Entry: Look for short opportunities if the price breaks below 2,510 and confirms bearish momentum.
Targets: First target at 2,504, second target at 2,501, and deeper targets at 2,488 if the bearish momentum continues.
Stop-Loss: Above 2,520 if entering a short around 2,510.
Price faced resistance near the 2,520 level and sharply retraced from this zone. Watch for any attempts to break above this zone.
A breakout above 2,520 may suggest bullish momentum towards 2,528 and potentially higher levels.
Immediate Support Area (2,510):
After the recent rejection from 2,520, price is now holding around 2,510.
If the price holds this level and shows bullish strength, it could be a potential area for long entries with targets near 2,520 and 2,528.
Next Support Area (2,504 - 2,501):
If the price breaks below 2,510, look for the next support at 2,504 and potentially 2,501. These are potential reversal zones for long positions or continuation points for shorts.
Deeper Support (2,488 - 2,490):
If the price fails to hold above the current immediate support, the next key area is around 2,488 – 2,490, where buyers previously defended. This could serve as a more conservative entry for long positions if the price reaches this area.
Strategy Plan:
Bullish Scenario (Long):
Entry: Look for a potential buy near 2,510 if the price holds and shows bullish momentum.
Targets: First target around 2,520, second target around 2,528.
Stop-Loss: Below the recent low of 2,504 to protect against a downside move.
Bearish Scenario (Short):
Entry: Look for short opportunities if the price breaks below 2,510 and confirms bearish momentum.
Targets: First target at 2,504, second target at 2,501, and deeper targets at 2,488 if the bearish momentum continues.
Stop-Loss: Above 2,520 if entering a short around 2,510.
Disclaimer
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