Price has been consolidating around the support zone after a strong bearish move. We can observe multiple BOS (Break of Structure) and a clear descending trendline acting as resistance.
• Currently, price is testing the support zone and forming a potential trendline breakout setup.
• Entry confirmation will be on a clean breakout above the descending trendline (marked area).
• Once the breakout occurs, price is expected to retest and then push higher towards the weak high liquidity area, with the next target around 236–238.
Plan:
• Entry: On breakout + retest confirmation.
• Target: 236–238 (weak high).
• Invalidation: A strong break below the support zone would invalidate this bullish setup.
• Currently, price is testing the support zone and forming a potential trendline breakout setup.
• Entry confirmation will be on a clean breakout above the descending trendline (marked area).
• Once the breakout occurs, price is expected to retest and then push higher towards the weak high liquidity area, with the next target around 236–238.
Plan:
• Entry: On breakout + retest confirmation.
• Target: 236–238 (weak high).
• Invalidation: A strong break below the support zone would invalidate this bullish setup.
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.