Reduction in bearish momentum and formation of potential base
Order Type: Buy Stop
Entry Price: 1.2620 (to confirm potential breakout and capture upward momentum)
Take Profit: 1.2750
Stop Loss: 1.2570
Confidence Level: 72%
Justification:
Price Action: Reduction in bearish momentum and formation of potential base at lower Bollinger Band.
Volume: Stability and consistent volumes suggest controlled movements.
Indicators: Bullish divergence in MACD on shorter timeframes and Bollinger Band squeeze indicate upward breakout potential.
Support and Resistance: Placing stop loss below immediate support to manage risk.
Entry Price: 1.2620 (to confirm potential breakout and capture upward momentum)
Take Profit: 1.2750
Stop Loss: 1.2570
Confidence Level: 72%
Justification:
Price Action: Reduction in bearish momentum and formation of potential base at lower Bollinger Band.
Volume: Stability and consistent volumes suggest controlled movements.
Indicators: Bullish divergence in MACD on shorter timeframes and Bollinger Band squeeze indicate upward breakout potential.
Support and Resistance: Placing stop loss below immediate support to manage risk.
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.
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.