Key Levels:
Day High: 171.83
Day Low: 161.46
Retracement Zone: Focus on the yellow zone for possible entry
Key Concepts:
Bullish Bias: The market is currently showing potential to move upward after testing the Bearish Bias zone at 164.16. A breakout above the retracement zone could lead to upward momentum toward the Day High.
CHoCH (Change of Character): The market is hinting at a potential shift after breaking key resistance levels. Watch for confirmation of this shift.
Order Blocks (OB): Key levels to consider for potential entries and exits. Watch closely around the highlighted OB areas.
FVG (Fair Value Gap): Pay attention to any potential gaps forming on the chart for price continuation or reversal.
Potential Setups:
Bullish Setup: Entry above the retracement zone, targeting 170.00 – 171.83.
Bearish Setup: If price retraces and breaks below 161.95, look for targets toward 158.00.
Trading Tip:
Stay patient and observe the price action at critical levels.
If price fails to hold above the Retracement Zone, consider switching to a bearish outlook with targets set around 160.00.
Follow and support us for more Idea's
Day High: 171.83
Day Low: 161.46
Retracement Zone: Focus on the yellow zone for possible entry
Key Concepts:
Bullish Bias: The market is currently showing potential to move upward after testing the Bearish Bias zone at 164.16. A breakout above the retracement zone could lead to upward momentum toward the Day High.
CHoCH (Change of Character): The market is hinting at a potential shift after breaking key resistance levels. Watch for confirmation of this shift.
Order Blocks (OB): Key levels to consider for potential entries and exits. Watch closely around the highlighted OB areas.
FVG (Fair Value Gap): Pay attention to any potential gaps forming on the chart for price continuation or reversal.
Potential Setups:
Bullish Setup: Entry above the retracement zone, targeting 170.00 – 171.83.
Bearish Setup: If price retraces and breaks below 161.95, look for targets toward 158.00.
Trading Tip:
Stay patient and observe the price action at critical levels.
If price fails to hold above the Retracement Zone, consider switching to a bearish outlook with targets set around 160.00.
Follow and support us for more Idea's
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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.
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.