Hello Traders,
Here’s our updated 4H chart analysis and targets. As anticipated, our analysis has played out perfectly. The EMA5 crossed and held above various levels, ultimately surpassing our bullish target of 2743 and breaking through the resistance level.
To make it easier for you, we’ve added entry levels, and take profit targets (TP1, TP2, TP3). These levels align seamlessly with the EMA5 crossing and holding above each level, which will determine the next target.
For example, when the EMA5 crosses and locks above the ENTRY level, you can enter a bullish position and wait for the trade to hit Target Profit 1 (TP1). If EMA5 fails to lock above TP1, it may reverse and retest the bottom ENTRY level, offering another opportunity to buy dips. However, if the EMA5 crosses and locks below the ENTRY level, you should wait for confirmation, as this may indicate a potential change in direction.
On Monday, as we mentioned, the movement above the weighed levels confirmed the next directional range. Our strategy remains consistent: focusing on buying dips. We will utilize our updated levels and weighed zones to monitor potential downward movements and capitalize on upward bounces.
Our plan is to continue buying dips at support levels, aiming for 30-40 pips per trade. As highlighted earlier, our level structures typically yield 40-pip bounces, providing consistent opportunities for effective entries and exits.
BULLISH TARGET: 2763, 2786
BEARISH TARGET: 2720, 2696
BULLISH TARGET
2786
EMA5 CROSS AND LOCK ABOVE 2715.32 WILL OPEN THE FOLLOWING BULLISH TARGET
2739 DONE
EMA5 CROSS AND LOCK ABOVE 2739 WILL OPEN THE FOLLOWING BULLISH TARGET
2763
EMA5 CROSS AND LOCK ABOVE 2763 WILL OPEN THE FOLLOWING BULLISH TARGET
2786
BEARISH TARGETS
2696
EMA5 CROSS AND LOCK BELOW 2720 WILL OPEN THE FOLLOWING BEARISH TARGET
2696
EMA5 CROSS AND LOCK BELOW 2696 WILL OPEN THE FOLLOWING BEARISH TARGET
2665
EMA5 CROSS AND LOCK BELOW 2665 WILL OPEN THE FOLLOWING BEARISH TARGET 2633
EMA5 CROSS AND LOCK BELOW 2633 WILL OPEN THE SWING RANGE
SWING RANGE
2600
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!