The chart shows a falling wedge pattern, a typical bullish reversal signal.
Price has broken out of the wedge, suggesting a potential trend reversal to the upside.
Two strong demand zones (highlighted with blue arrows and yellow box) show strong buying pressure around 1.15500–1.15700.
The Ichimoku Cloud above indicates resistance, but a breakout above it would confirm continued bullish momentum.
Key Levels:
Current Price: 1.16171
Immediate Resistance: 1.16979
Next Targets (TP):
TP1: 1.17057
TP2: 1.17578
TP3: 1.17623
Support Zone: 1.15500 – 1.15700
Conclusion: If the price holds above the 1.15700 support zone and sustains momentum above the wedge breakout, expect bullish continuation toward 1.17500+. Ideal long setup on retracement with tight SL below 1.15500.
Price has broken out of the wedge, suggesting a potential trend reversal to the upside.
Two strong demand zones (highlighted with blue arrows and yellow box) show strong buying pressure around 1.15500–1.15700.
The Ichimoku Cloud above indicates resistance, but a breakout above it would confirm continued bullish momentum.
Key Levels:
Current Price: 1.16171
Immediate Resistance: 1.16979
Next Targets (TP):
TP1: 1.17057
TP2: 1.17578
TP3: 1.17623
Support Zone: 1.15500 – 1.15700
Conclusion: If the price holds above the 1.15700 support zone and sustains momentum above the wedge breakout, expect bullish continuation toward 1.17500+. Ideal long setup on retracement with tight SL below 1.15500.
Trade attivo
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Forex, Gold & Crypto Signals with detailed analysis & get consistent results..
t.me/docter_Pips_official05
Gold Signal's with proper TP & SL for high profit.
t.me/docter_Pips_official05
Forex, Gold & Crypto Signals with detailed analysis & get consistent results..
t.me/docter_Pips_official05
Gold Signal's with proper TP & SL for high profit.
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Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
📲 Join telegram channel free ..
t.me/docter_Pips_official05
Forex, Gold & Crypto Signals with detailed analysis & get consistent results..
t.me/docter_Pips_official05
Gold Signal's with proper TP & SL for high profit.
t.me/docter_Pips_official05
Forex, Gold & Crypto Signals with detailed analysis & get consistent results..
t.me/docter_Pips_official05
Gold Signal's with proper TP & SL for high profit.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.