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IDEXBUSD Daily S/R| Swing High| Price Action| Volume

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Evening Traders,

Today’s analysis – IDEXBUSD – trading above the Daily S/R with further upside potential,

Points to consider,
- Price Action Impulsive
- Daily S/R Support
- Swing High Objective
- Volume Influx
- Oscillators neutral

IDEXBUSD’s immediate price action is impulsive, trading above a key location that has technical confluence with the 1.414 Fibonacci, this allows for a bullish bias.

The Swing High is the current objective, exceeding this level will increase the probability of continuing the trend.

The current volume profile has a valid climax, this is indicative of a true break, follow through is needed for a continued bullish bias.

The oscillators are current trading neutral, maintaining their bullish control zones will be indicative of strength.

Overall, in my opinion, IDEXBUSD is a valid long with defined risk, price action is to be used upon discretion/ management.

Hope this analysis helps!

Thank you for following my work

And remember,

“In order to succeed, you first have to be willing to experience failure.”

― Yvan Byeajee

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