📉 Descending Channel
🔴 The price was moving inside a downward trend (channel) 📉, but it broke out ✅, signaling a potential bullish move 📈.
📍 Demand Zone (Support) at 1.85000 - 1.84201
🟦 Buyers stepped in here, pushing the price up 🚀.
🛑 Stop Loss: 1.84201 🔻 (If price falls below this, the bullish setup may fail ❌).
📍 Resistance Area Around 1.86000 - 1.86500
🔵 Key level to watch! If the price breaks above this zone, expect more upside 📈.
🎯 Target Point: 1.87727
🎯 If buyers remain strong, price could hit this level next! 🎯🚀
📊 Indicator Check:
📍 9-period DEMA (1.85000) 🟡 – Price is above this moving average, favoring a bullish bias ✅.
🔥 Possible Trade Setup:
✅ Buy Entry near 1.85000 - 1.85500
🎯 Target: 1.87727 📈
🛑 Stop Loss: 1.84201 🚨
If price breaks below 1.85000, be cautious ⚠️! A reversal to the downside could happen.
🚀 Overall Bias: Bullish (📈) above 1.85000, Bearish (📉) below **1
🔴 The price was moving inside a downward trend (channel) 📉, but it broke out ✅, signaling a potential bullish move 📈.
📍 Demand Zone (Support) at 1.85000 - 1.84201
🟦 Buyers stepped in here, pushing the price up 🚀.
🛑 Stop Loss: 1.84201 🔻 (If price falls below this, the bullish setup may fail ❌).
📍 Resistance Area Around 1.86000 - 1.86500
🔵 Key level to watch! If the price breaks above this zone, expect more upside 📈.
🎯 Target Point: 1.87727
🎯 If buyers remain strong, price could hit this level next! 🎯🚀
📊 Indicator Check:
📍 9-period DEMA (1.85000) 🟡 – Price is above this moving average, favoring a bullish bias ✅.
🔥 Possible Trade Setup:
✅ Buy Entry near 1.85000 - 1.85500
🎯 Target: 1.87727 📈
🛑 Stop Loss: 1.84201 🚨
If price breaks below 1.85000, be cautious ⚠️! A reversal to the downside could happen.
🚀 Overall Bias: Bullish (📈) above 1.85000, Bearish (📉) below **1
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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.