CL1 Breakout & Pullback Above Resistance – Strong Buy Signal ?
The price has broken above the $61.75 resistance and successfully pulled back to retest it as support, confirming a strong buy opportunity.
Key Confirmations:
Breakout above resistance: Signals bullish strength.
Pullback retest: Former resistance now acting as support.
Volume surge: High buying interest reinforces the move.
VWAP positioning: Trading well above VWAP ($61.36), favoring bulls.
Profit Zone: Green-marked target area for potential upside.
Stop-Loss Consideration: Manage risk with a stop in the red-marked zone.
Trade Idea: If momentum holds, this setup could lead to a continued uptrend. Watch price action near support to confirm further movement.
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Key Confirmations:
Breakout above resistance: Signals bullish strength.
Pullback retest: Former resistance now acting as support.
Volume surge: High buying interest reinforces the move.
VWAP positioning: Trading well above VWAP ($61.36), favoring bulls.
Profit Zone: Green-marked target area for potential upside.
Stop-Loss Consideration: Manage risk with a stop in the red-marked zone.
Trade Idea: If momentum holds, this setup could lead to a continued uptrend. Watch price action near support to confirm further movement.
Follow GoldenZoneFX for more content and valuable insights!
What do you think? Let’s discuss this setup!
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.