P Wave B/O.
The current candle price has just broken above the Kumo, indicating a shift from a bearish or neutral phase to a potential bullish phase.
The breakout above Kumo is a significant technical event suggesting momentum is turning positive.
Tenkan Sen is above Kijun Sen, confirming ongoing bullish momentum.
Chikou Span seems to be following price action positively, adding support to bullish bias.
Current price: 0.480, indicating room for upside toward the targets.
Entry: Initiate or add long position at 0.480 following confirmed breakout above the Kumo.
Stop Loss: Set stop loss around 0.370, below recent swing low to protect against downside risk.
Price breaking above the Kumo combined with Tenkan Sen crossing above Kijun Sen is a strong bullish signal. The projected Fibonacci targets give clear, progressive levels to watch and take profits. Manage risk carefully by using the suggested stop loss.
Note:
1. Analysis for education purposes only.
2. Trade at your own risk.
The current candle price has just broken above the Kumo, indicating a shift from a bearish or neutral phase to a potential bullish phase.
The breakout above Kumo is a significant technical event suggesting momentum is turning positive.
Tenkan Sen is above Kijun Sen, confirming ongoing bullish momentum.
Chikou Span seems to be following price action positively, adding support to bullish bias.
Current price: 0.480, indicating room for upside toward the targets.
Entry: Initiate or add long position at 0.480 following confirmed breakout above the Kumo.
Stop Loss: Set stop loss around 0.370, below recent swing low to protect against downside risk.
Price breaking above the Kumo combined with Tenkan Sen crossing above Kijun Sen is a strong bullish signal. The projected Fibonacci targets give clear, progressive levels to watch and take profits. Manage risk carefully by using the suggested stop loss.
Note:
1. Analysis for education purposes only.
2. Trade at your own risk.
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.
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.