The price is trading above the Kumo, indicating a bullish bias.
Chikou Span is approaching price candles, and a bullish confirmation will occur if it crosses above them.
If Golden cross occur, Tenkan-sen (red) crosses above Kijun-sen (blue) confirming a bullish continuation.
The price has reached 1.30, which aligns with 0.886 Fibonacci retracement.
A temporary rejection at 1.30 suggests that sellers are defending this level.
The next key resistance is at 1.33 (Y wave target E).
A 52-week high is slightly above and could act as a strong resistance.
Entry: Above 1.30 if the price breaks with volume.
Target 1: 1.33 (Y wave target E).
Target 2: 1.40 - 1.42 (52-week high breakout potential).
Stop-Loss: Below 1.25 (previous swing low).
Bullish bias remains intact unless the price drops below 1.25.
A break above 1.30 with strong volume could push the price towards 1.33 and beyond.
Watch for Golden Cross and Chikou Span breakout for confirmation.
Note:
1. Analysis for education purposes only.
2. Trade at your own risk.
Chikou Span is approaching price candles, and a bullish confirmation will occur if it crosses above them.
If Golden cross occur, Tenkan-sen (red) crosses above Kijun-sen (blue) confirming a bullish continuation.
The price has reached 1.30, which aligns with 0.886 Fibonacci retracement.
A temporary rejection at 1.30 suggests that sellers are defending this level.
The next key resistance is at 1.33 (Y wave target E).
A 52-week high is slightly above and could act as a strong resistance.
Entry: Above 1.30 if the price breaks with volume.
Target 1: 1.33 (Y wave target E).
Target 2: 1.40 - 1.42 (52-week high breakout potential).
Stop-Loss: Below 1.25 (previous swing low).
Bullish bias remains intact unless the price drops below 1.25.
A break above 1.30 with strong volume could push the price towards 1.33 and beyond.
Watch for Golden Cross and Chikou Span breakout for confirmation.
Note:
1. Analysis for education purposes only.
2. Trade at your own risk.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.