The chart shows a falling wedge pattern, a typical bullish reversal signal.
Price has broken out of the wedge, suggesting a potential trend reversal to the upside.
Two strong demand zones (highlighted with blue arrows and yellow box) show strong buying pressure around 1.15500–1.15700.
The Ichimoku Cloud above indicates resistance, but a breakout above it would confirm continued bullish momentum.
Key Levels:
Current Price: 1.16171
Immediate Resistance: 1.16979
Next Targets (TP):
TP1: 1.17057
TP2: 1.17578
TP3: 1.17623
Support Zone: 1.15500 – 1.15700
Conclusion: If the price holds above the 1.15700 support zone and sustains momentum above the wedge breakout, expect bullish continuation toward 1.17500+. Ideal long setup on retracement with tight SL below 1.15500.
Price has broken out of the wedge, suggesting a potential trend reversal to the upside.
Two strong demand zones (highlighted with blue arrows and yellow box) show strong buying pressure around 1.15500–1.15700.
The Ichimoku Cloud above indicates resistance, but a breakout above it would confirm continued bullish momentum.
Key Levels:
Current Price: 1.16171
Immediate Resistance: 1.16979
Next Targets (TP):
TP1: 1.17057
TP2: 1.17578
TP3: 1.17623
Support Zone: 1.15500 – 1.15700
Conclusion: If the price holds above the 1.15700 support zone and sustains momentum above the wedge breakout, expect bullish continuation toward 1.17500+. Ideal long setup on retracement with tight SL below 1.15500.
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Forex, Gold & Crypto Signals with detailed analysis & get consistent results..
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Gold Signal's with proper TP & SL for high profit.
t.me/docter_Pips_official05
Forex, Gold & Crypto Signals with detailed analysis & get consistent results..
t.me/docter_Pips_official05
Gold Signal's with proper TP & SL for high profit.
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 telegram channel free ..
t.me/docter_Pips_official05
Forex, Gold & Crypto Signals with detailed analysis & get consistent results..
t.me/docter_Pips_official05
Gold Signal's with proper TP & SL for high profit.
t.me/docter_Pips_official05
Forex, Gold & Crypto Signals with detailed analysis & get consistent results..
t.me/docter_Pips_official05
Gold Signal's with proper TP & SL for high profit.
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.