📈 Technical Breakdown:
Price bouncing off ascending trendline – higher lows in place
Sitting near confluence of dynamic support (EMA 50) and structure
RSI rebounding from midline (bullish momentum possible)
Clean risk-to-reward setup with defined TP levels
🎯 Target Zones (TPs):
TP1: 0.86097
TP2: 0.86472
TP3: 0.86864
TP4: 0.87239
TP5: 0.87391
🛡️ Stop Loss: Below recent swing low at 0.85367
🧠 Bias: Bullish
📊 Strategy: Trendline bounce + EMA support + momentum reversal
Price bouncing off ascending trendline – higher lows in place
Sitting near confluence of dynamic support (EMA 50) and structure
RSI rebounding from midline (bullish momentum possible)
Clean risk-to-reward setup with defined TP levels
🎯 Target Zones (TPs):
TP1: 0.86097
TP2: 0.86472
TP3: 0.86864
TP4: 0.87239
TP5: 0.87391
🛡️ Stop Loss: Below recent swing low at 0.85367
🧠 Bias: Bullish
📊 Strategy: Trendline bounce + EMA support + momentum reversal
Trade closed: stop reached
SL is no
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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.