Pattern and Structure:
The chart displays a harmonic pattern, possibly a Gartley or Bat formation, with the key points X, A, B, C, and D marked.
A broadening wedge (or expanding triangle) is also forming, showing increasing volatility.
Key Price Levels
Current Price: $1.423
Resistance Zone: $1.80 - $2.10
Support Zone: $1.15 - $1.35
Trade Setup
The chart suggests a bullish breakout scenario, with a target of $1.80 - $2.10.
The risk zone (stop-loss) is marked around $1.15, indicating a risk-reward ratio favoring long positions.
Conclusion
Bullish bias is evident, but confirmation of a breakout above $1.50 would add more confidence.
Traders might look for long entries above $1.50, targeting $1.80 - $2.10.
A drop below $1.15 would invalidate this bullish scenario, signaling a retest of lower levels.
The chart displays a harmonic pattern, possibly a Gartley or Bat formation, with the key points X, A, B, C, and D marked.
A broadening wedge (or expanding triangle) is also forming, showing increasing volatility.
Key Price Levels
Current Price: $1.423
Resistance Zone: $1.80 - $2.10
Support Zone: $1.15 - $1.35
Trade Setup
The chart suggests a bullish breakout scenario, with a target of $1.80 - $2.10.
The risk zone (stop-loss) is marked around $1.15, indicating a risk-reward ratio favoring long positions.
Conclusion
Bullish bias is evident, but confirmation of a breakout above $1.50 would add more confidence.
Traders might look for long entries above $1.50, targeting $1.80 - $2.10.
A drop below $1.15 would invalidate this bullish scenario, signaling a retest of lower levels.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.