Analysis:
Currently, BTCUSD is trading near 113000. Based on my technical outlook, I expect a short pullback toward the support zone of 112400. From this demand area, I will be looking for long opportunities, targeting the resistance zone around 115500.
This setup aligns with the “trend is your friend” formula, where the minor retracement could provide a better entry for the next bullish continuation.
Trading Plan:
📉 Wait for retracement near 112400
📈 Enter Long from this zone
🎯 Target: 115500
🛡️ Tight Stop Loss recommended below support
Key Notes:
Market structure remains bullish on higher time frames.
Entry after retracement increases risk/reward ratio.
Note: Always manage your risk carefully.
If you find this helpful, support the idea with a like and comment to motivate me to keep sharing my analysis!
Regards: Forex Insights Pro.
Currently, BTCUSD is trading near 113000. Based on my technical outlook, I expect a short pullback toward the support zone of 112400. From this demand area, I will be looking for long opportunities, targeting the resistance zone around 115500.
This setup aligns with the “trend is your friend” formula, where the minor retracement could provide a better entry for the next bullish continuation.
Trading Plan:
📉 Wait for retracement near 112400
📈 Enter Long from this zone
🎯 Target: 115500
🛡️ Tight Stop Loss recommended below support
Key Notes:
Market structure remains bullish on higher time frames.
Entry after retracement increases risk/reward ratio.
Note: Always manage your risk carefully.
If you find this helpful, support the idea with a like and comment to motivate me to keep sharing my analysis!
Regards: Forex Insights Pro.
Trade active
Trade Activated Guys.Trade closed: target reached
BTCUSD Moved as I expected.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
join our free signal channel t.me/ForexGoldpips81
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.