📈 Price Channel Analysis
🔼 The pair is moving within an ascending channel: • Support Line 🟦 – lower trendline showing bullish structure
* Resistance Line 🟥 – upper boundary acting as potential target
💡 This suggests bullish momentum is intact unless the price breaks below support.
📌 Key Trade Levels
🔵 Entry Point: 0.64361
* 👇 Positioned just above the DEMAND ZONE
* 📍Near the 70 EMA — a key dynamic support
🟨 Demand Zone: Area between 0.6400 – 0.6436
* 🧲 Buyers are expected here
* Good spot for a bullish entry
🔴 Stop Loss: 0.63995
* 🚨 Below the demand zone = limited risk
🟢 Target Point: 0.65600
* 🎯 Aligned with the upper resistance line
* Nice upside potential
⚙️ Technical Indicator
📉 EMA 70 (red line) = 0.64510
* Price is bouncing near it
* 📊 Acts as trend support — confirming buy idea
📊 Risk-to-Reward Ratio
🔻 Risk: ~36 pips (Entry → Stop Loss)
🔺 Reward: ~124 pips (Entry → Target)
✅ R:R Ratio ≈ 3.4:1 👍
🧠 Trade Idea Summary
📘 Trade Type 🔼 Buy (Long)
💰 Entry 0.64361
🛑 Stop Loss 0.63995
🎯 Target 0.65600
🌟 Bias Bullish
🔍 Final Thoughts
✅ Strong setup within a bullish channel
📉 EMA support + 🟦 Demand zone = Good confluence
📅 Watch out for USD news (see icons below chart)
🔼 The pair is moving within an ascending channel: • Support Line 🟦 – lower trendline showing bullish structure
* Resistance Line 🟥 – upper boundary acting as potential target
💡 This suggests bullish momentum is intact unless the price breaks below support.
📌 Key Trade Levels
🔵 Entry Point: 0.64361
* 👇 Positioned just above the DEMAND ZONE
* 📍Near the 70 EMA — a key dynamic support
🟨 Demand Zone: Area between 0.6400 – 0.6436
* 🧲 Buyers are expected here
* Good spot for a bullish entry
🔴 Stop Loss: 0.63995
* 🚨 Below the demand zone = limited risk
🟢 Target Point: 0.65600
* 🎯 Aligned with the upper resistance line
* Nice upside potential
⚙️ Technical Indicator
📉 EMA 70 (red line) = 0.64510
* Price is bouncing near it
* 📊 Acts as trend support — confirming buy idea
📊 Risk-to-Reward Ratio
🔻 Risk: ~36 pips (Entry → Stop Loss)
🔺 Reward: ~124 pips (Entry → Target)
✅ R:R Ratio ≈ 3.4:1 👍
🧠 Trade Idea Summary
📘 Trade Type 🔼 Buy (Long)
💰 Entry 0.64361
🛑 Stop Loss 0.63995
🎯 Target 0.65600
🌟 Bias Bullish
🔍 Final Thoughts
✅ Strong setup within a bullish channel
📉 EMA support + 🟦 Demand zone = Good confluence
📅 Watch out for USD news (see icons below chart)
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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 my tellegram channel
t.me/JaMesGoldFiGhteR786
join my refferal broker
xmglobal.com/referral?token=S4yGyqPUmU9uAANtb_YUoA
t.me/JaMesGoldFiGhteR786
join my refferal broker
xmglobal.com/referral?token=S4yGyqPUmU9uAANtb_YUoA
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.