Pattern and Structure:
The chart displays a harmonic pattern, possibly a Gartley or Bat formation, with the key points X, A, B, C, and D marked.
A broadening wedge (or expanding triangle) is also forming, showing increasing volatility.
Key Price Levels
Current Price: $1.423
Resistance Zone: $1.80 - $2.10
Support Zone: $1.15 - $1.35
Trade Setup
The chart suggests a bullish breakout scenario, with a target of $1.80 - $2.10.
The risk zone (stop-loss) is marked around $1.15, indicating a risk-reward ratio favoring long positions.
Conclusion
Bullish bias is evident, but confirmation of a breakout above $1.50 would add more confidence.
Traders might look for long entries above $1.50, targeting $1.80 - $2.10.
A drop below $1.15 would invalidate this bullish scenario, signaling a retest of lower levels.
The chart displays a harmonic pattern, possibly a Gartley or Bat formation, with the key points X, A, B, C, and D marked.
A broadening wedge (or expanding triangle) is also forming, showing increasing volatility.
Key Price Levels
Current Price: $1.423
Resistance Zone: $1.80 - $2.10
Support Zone: $1.15 - $1.35
Trade Setup
The chart suggests a bullish breakout scenario, with a target of $1.80 - $2.10.
The risk zone (stop-loss) is marked around $1.15, indicating a risk-reward ratio favoring long positions.
Conclusion
Bullish bias is evident, but confirmation of a breakout above $1.50 would add more confidence.
Traders might look for long entries above $1.50, targeting $1.80 - $2.10.
A drop below $1.15 would invalidate this bullish scenario, signaling a retest of lower levels.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.