In the lower timeframe, the price is forming a symmetrical triangle. We can also see a bull flag formation. A symmetrical triangle is a neutral pattern, and the breakout can be in any direction. A bull flag is a bullish pattern.
On the daily timeframe, the price is forming a W pattern, which is bullish.

The price is bullish as long as it stays above 1082 - 1088.
Buy above 1110 - 1114 with a stop-loss of 1094 for the targets 1122, 1136, 1148, 1162 and 1176.
The price can face resistance at the 1130 zone, and sustaining above it is important to move up further.
Always do your analysis before taking any trade.
On the daily timeframe, the price is forming a W pattern, which is bullish.
The price is bullish as long as it stays above 1082 - 1088.
Buy above 1110 - 1114 with a stop-loss of 1094 for the targets 1122, 1136, 1148, 1162 and 1176.
The price can face resistance at the 1130 zone, and sustaining above it is important to move up further.
Always do your analysis before taking any trade.
Role I play here : Moderator. Follow me in telegram to trade better. t.me/Analysis4Newbie Contact information : tradingplan4u@gmail.com
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Role I play here : Moderator. Follow me in telegram to trade better. t.me/Analysis4Newbie Contact information : tradingplan4u@gmail.com
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
