1. Market Structure
Price is currently trading near a major support zone (~4055–4060 area), highlighted in blue.
Multiple rejections from this zone in the past indicate strong buying interest.
The structure shows higher lows forming intraday, suggesting bullish pressure building.
2. Key Zones
🔵 Support Zone (Entry Region)
Marked around 4055–4060.
Price dipped into this zone and bounced, showing a potential demand area for long positions.
🔵 Resistance Level (First Target Region)
Around 4081–4098.
This is the first major resistance the price is likely to test after bouncing.
🔵 Final Target Zone
4120 area, the upper major resistance.
Previous highs around this level show strong selling interest historically.
3. Expected Price Movement
The chart suggests a potential bullish move:
Price bounces from the support (entry) area.
Climbs toward 4081 (minor resistance).
Retraces slightly.
Continues upward toward 4097–4100.
Final push toward 4120 target zone.
This is a classic retracement + continuation bullish structure.
4. Trade Idea
Bias: Bullish
Entry: 4055–4060 (support zone)
First TP: 4081
Second TP: 4097–4100
Final Target: 4120
Stop Loss: Below 4050 (beneath support zone)
Price is currently trading near a major support zone (~4055–4060 area), highlighted in blue.
Multiple rejections from this zone in the past indicate strong buying interest.
The structure shows higher lows forming intraday, suggesting bullish pressure building.
2. Key Zones
🔵 Support Zone (Entry Region)
Marked around 4055–4060.
Price dipped into this zone and bounced, showing a potential demand area for long positions.
🔵 Resistance Level (First Target Region)
Around 4081–4098.
This is the first major resistance the price is likely to test after bouncing.
🔵 Final Target Zone
4120 area, the upper major resistance.
Previous highs around this level show strong selling interest historically.
3. Expected Price Movement
The chart suggests a potential bullish move:
Price bounces from the support (entry) area.
Climbs toward 4081 (minor resistance).
Retraces slightly.
Continues upward toward 4097–4100.
Final push toward 4120 target zone.
This is a classic retracement + continuation bullish structure.
4. Trade Idea
Bias: Bullish
Entry: 4055–4060 (support zone)
First TP: 4081
Second TP: 4097–4100
Final Target: 4120
Stop Loss: Below 4050 (beneath support zone)
إخلاء المسؤولية
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إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.