Long
IDEXBUSD Daily S/R| Swing High| Price Action| Volume
Evening Traders,
Today’s analysis – IDEXBUSD – trading above the Daily S/R with further upside potential,
Points to consider,
- Price Action Impulsive
- Daily S/R Support
- Swing High Objective
- Volume Influx
- Oscillators neutral
IDEXBUSD’s immediate price action is impulsive, trading above a key location that has technical confluence with the 1.414 Fibonacci, this allows for a bullish bias.
The Swing High is the current objective, exceeding this level will increase the probability of continuing the trend.
The current volume profile has a valid climax, this is indicative of a true break, follow through is needed for a continued bullish bias.
The oscillators are current trading neutral, maintaining their bullish control zones will be indicative of strength.
Overall, in my opinion, IDEXBUSD is a valid long with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps!
Thank you for following my work
And remember,
“In order to succeed, you first have to be willing to experience failure.”
― Yvan Byeajee
Today’s analysis – IDEXBUSD – trading above the Daily S/R with further upside potential,
Points to consider,
- Price Action Impulsive
- Daily S/R Support
- Swing High Objective
- Volume Influx
- Oscillators neutral
IDEXBUSD’s immediate price action is impulsive, trading above a key location that has technical confluence with the 1.414 Fibonacci, this allows for a bullish bias.
The Swing High is the current objective, exceeding this level will increase the probability of continuing the trend.
The current volume profile has a valid climax, this is indicative of a true break, follow through is needed for a continued bullish bias.
The oscillators are current trading neutral, maintaining their bullish control zones will be indicative of strength.
Overall, in my opinion, IDEXBUSD is a valid long with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps!
Thank you for following my work
And remember,
“In order to succeed, you first have to be willing to experience failure.”
― Yvan Byeajee
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Claim $1000 Deposit Bonus 🎁
Trade with perks & support the community!
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Join the Free Trading Group
Telegram: t.me/freetradingden 🔥
Claim $1000 Deposit Bonus 🎁
Trade with perks & support the community!
partner.blofin.com/d/TheAlchemist
Stay sharp, trade smart.
— Team The Alchemist ⚔️
Telegram: t.me/freetradingden 🔥
Claim $1000 Deposit Bonus 🎁
Trade with perks & support the community!
partner.blofin.com/d/TheAlchemist
Stay sharp, trade smart.
— Team The Alchemist ⚔️
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.