In our previous analysis, we anticipated a price drop—and it played out perfectly, securing 10,315.6 pips in profit.
What’s Next?
Now, after analyzing multiple timeframes, we see that the price has bounced off the 2nd large channel’s middle line, a key support level respected multiple times in the past. Currently, it’s trading around 2915.44, near our resistance zone at 2922.
Since March 4 (Tuesday), the price has been testing this level repeatedly, suggesting that the resistance is weakening. If 2922 breaks, our next targets will be:
📍 2940 – Next resistance zone
📍 2949 – First price target
📍 2968 – Second price target
🛡 A trader’s first goal is survival. Profits come second.
🔑 Take care of your losses, and the profits will take care of themselves.
Stay disciplined and trade wisely. Happy trading!
What’s Next?
Now, after analyzing multiple timeframes, we see that the price has bounced off the 2nd large channel’s middle line, a key support level respected multiple times in the past. Currently, it’s trading around 2915.44, near our resistance zone at 2922.
Since March 4 (Tuesday), the price has been testing this level repeatedly, suggesting that the resistance is weakening. If 2922 breaks, our next targets will be:
📍 2940 – Next resistance zone
📍 2949 – First price target
📍 2968 – Second price target
🛡 A trader’s first goal is survival. Profits come second.
🔑 Take care of your losses, and the profits will take care of themselves.
Stay disciplined and trade wisely. Happy trading!
Order cancelled
Setup failed, due to strong resistance price couldn't manage to breakOut.Note
Anyway we reached our fist target...Note
2nd Target Reached as well..
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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.
Related publications
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.