Price is currently reacting from a key support zone around 24,410, where liquidity was swept and buyers stepped in. The market formed a strong bullish reaction, suggesting accumulation at the lows.
Now price is consolidating around 25,050, and if momentum holds, we could see a continuation move toward the major resistance near 25,448. This area previously acted as a rejection zone, so it’s a logical take-profit target.
As long as price holds above the recent higher low, the bullish bias remains valid. A breakdown below the support zone would invalidate the setup.
Trade Idea:
Long from current structure → Target: 25,448 resistance.
Now price is consolidating around 25,050, and if momentum holds, we could see a continuation move toward the major resistance near 25,448. This area previously acted as a rejection zone, so it’s a logical take-profit target.
As long as price holds above the recent higher low, the bullish bias remains valid. A breakdown below the support zone would invalidate the setup.
Trade Idea:
Long from current structure → Target: 25,448 resistance.
Trade closed manually
closed idea, wrong foot.
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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.
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.