Key Notes:
1H Chart:
EMA-21 ($2,638) and SMA-50 ($2,637) act as key pullback levels.
Resistance exists at $2,640–$2,645 due to untested bearish FVG zones.
Momentum shows a slow recovery, with RSI climbing toward 50.
4H Chart:
Bollinger Bands indicate overextension near $2,640, signaling a possible pullback to the $2,634–$2,636 zone.
Support: Strong support around $2,628.50 (previous consolidation zone).
Daily Chart:
Price is rebounding from major support levels near $2,620, with resistance at $2,650.
Key Success Factors (KSF) Scenarios
Bullish Scenario:
Trigger:
Price remains above $2,636 and breaks $2,640.
Momentum indicators (RSI > 50, Stochastic RSI bullish cross) align with volume spikes.
Volume Confirmation:
Increased positive volume above $2,640–$2,642 indicates breakout strength.
Final Trading Outlook
Entry Type Entry Price Stop Loss TP1 TP2 R:R Ratio
Pullback Long $2,636 $2,633 $2,640 $2,645 1:3
Breakout Long $2,641 $2,638 $2,645 $2,650 1:2.5
Resistance Short $2,639 $2,642 $2,636 $2,634 1:3
- Breach below $2,633 invalidates bullish setups.
- Resistance near $2,640–$2,645 must be monitored for rejection signals.
- Watch for RSI div
1H Chart:
EMA-21 ($2,638) and SMA-50 ($2,637) act as key pullback levels.
Resistance exists at $2,640–$2,645 due to untested bearish FVG zones.
Momentum shows a slow recovery, with RSI climbing toward 50.
4H Chart:
Bollinger Bands indicate overextension near $2,640, signaling a possible pullback to the $2,634–$2,636 zone.
Support: Strong support around $2,628.50 (previous consolidation zone).
Daily Chart:
Price is rebounding from major support levels near $2,620, with resistance at $2,650.
Key Success Factors (KSF) Scenarios
Bullish Scenario:
Trigger:
Price remains above $2,636 and breaks $2,640.
Momentum indicators (RSI > 50, Stochastic RSI bullish cross) align with volume spikes.
Volume Confirmation:
Increased positive volume above $2,640–$2,642 indicates breakout strength.
Final Trading Outlook
Entry Type Entry Price Stop Loss TP1 TP2 R:R Ratio
Pullback Long $2,636 $2,633 $2,640 $2,645 1:3
Breakout Long $2,641 $2,638 $2,645 $2,650 1:2.5
Resistance Short $2,639 $2,642 $2,636 $2,634 1:3
Mohamed
THE Ichimoku MAN on the Nile
#traders4traders
you are welcome to join my Telegram channel, Ichimokuonthenile.
for GOLD follow this link: t.me/GOLDontheNILE
youtube youtube.com/@ICHIMOKUontheNILE
THE Ichimoku MAN on the Nile
#traders4traders
you are welcome to join my Telegram channel, Ichimokuonthenile.
for GOLD follow this link: t.me/GOLDontheNILE
youtube youtube.com/@ICHIMOKUontheNILE
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.
Mohamed
THE Ichimoku MAN on the Nile
#traders4traders
you are welcome to join my Telegram channel, Ichimokuonthenile.
for GOLD follow this link: t.me/GOLDontheNILE
youtube youtube.com/@ICHIMOKUontheNILE
THE Ichimoku MAN on the Nile
#traders4traders
you are welcome to join my Telegram channel, Ichimokuonthenile.
for GOLD follow this link: t.me/GOLDontheNILE
youtube youtube.com/@ICHIMOKUontheNILE
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.