PARKIN had Impulsive breakout, confirmed by price piercing the descending Daily trendline (Daily DT)
Double confirmation from the demand zone bounce and RSI bulls waking up. Trendline’s toast. If Wave 5 is truly kicking off, that 6.76 zone’s gonna be the magnet. Let it rip.
Demand Zone :** 6.08–6.15 (held strong multiple times)
Supply Zone:** 6.71–6.79
RSI signaling strong momentum with bullish divergence supports upside continuation
🎯 **Trade Plan**
* **Entry:** 6.26 (confirmation candle post-breakout)
* **Stop Loss:** 6.08 (below demand zone structure)
* **Target 1:** 6.76 (supply zone near prior highs)
**Risk/Reward:**
* **R/R = 3:1**
"It’s not about being right or wrong. It’s about how much you make when you’re right and how much you lose when you’re wrong." – George Soros
### ⚠️ **Disclaimer:**
This analysis is for educational purposes only. Trading involves risk, and past performance is not indicative of future results. Always do your own due diligence.
Double confirmation from the demand zone bounce and RSI bulls waking up. Trendline’s toast. If Wave 5 is truly kicking off, that 6.76 zone’s gonna be the magnet. Let it rip.
Demand Zone :** 6.08–6.15 (held strong multiple times)
Supply Zone:** 6.71–6.79
RSI signaling strong momentum with bullish divergence supports upside continuation
🎯 **Trade Plan**
* **Entry:** 6.26 (confirmation candle post-breakout)
* **Stop Loss:** 6.08 (below demand zone structure)
* **Target 1:** 6.76 (supply zone near prior highs)
**Risk/Reward:**
* **R/R = 3:1**
"It’s not about being right or wrong. It’s about how much you make when you’re right and how much you lose when you’re wrong." – George Soros
### ⚠️ **Disclaimer:**
This analysis is for educational purposes only. Trading involves risk, and past performance is not indicative of future results. Always do your own due diligence.
By Dubai Traders Hub
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Follow us on X , YouTube, and Join our Telegram Channel
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.
By Dubai Traders Hub
Follow us on X , YouTube, and Join our Telegram Channel
Follow us on X , YouTube, and Join our Telegram Channel
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.