Hello Traders,
Here is our updated 4H chart analysis based purely on technicals. Be mindful of fundamentals and this week’s news events — the calendar is packed, and trading during major news releases can be risky.
Following our previous 1H and 4H analysis, price has broken the resistance level at 4245 and is now retesting the demand zone or the bullish symmetrical triangle line, where we expect the next move to develop.
A strong entry zone remains between 4135 – 4175, with a stop-loss around 4095. The target is set at 4370, offering a 1:4 risk-to-reward ratio.
Remember, Entering from deeper support levels always helps minimize risk.
Thank you for all your comments, boosts, and likes.
The Quantum Trading Mastery
Here is our updated 4H chart analysis based purely on technicals. Be mindful of fundamentals and this week’s news events — the calendar is packed, and trading during major news releases can be risky.
Following our previous 1H and 4H analysis, price has broken the resistance level at 4245 and is now retesting the demand zone or the bullish symmetrical triangle line, where we expect the next move to develop.
A strong entry zone remains between 4135 – 4175, with a stop-loss around 4095. The target is set at 4370, offering a 1:4 risk-to-reward ratio.
Remember, Entering from deeper support levels always helps minimize risk.
Thank you for all your comments, boosts, and likes.
The Quantum Trading Mastery
Trade active
Important Update on the 4H Chart Shared Last NightPrice tapped our level beautifully at $4163 and has now climbed to $4227.
All of my trades have hit profit, and I’ve now closed my positions. I recommend you close yours as well.
We may see a deeper retracement to lower levels, so it’s wise to secure your profits and wait for the next clean entry setup.
Always stay cautious and avoid letting greed take over.
Note
Trade ActiveTrade closed: target reached
Perfect Setup, Target HIT
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.