Long
IDEXBUSD Daily S/R| Swing High| Price Action| Volume
Evening Traders,
Today’s analysis – IDEXBUSD – trading above the Daily S/R with further upside potential,
Points to consider,
- Price Action Impulsive
- Daily S/R Support
- Swing High Objective
- Volume Influx
- Oscillators neutral
IDEXBUSD’s immediate price action is impulsive, trading above a key location that has technical confluence with the 1.414 Fibonacci, this allows for a bullish bias.
The Swing High is the current objective, exceeding this level will increase the probability of continuing the trend.
The current volume profile has a valid climax, this is indicative of a true break, follow through is needed for a continued bullish bias.
The oscillators are current trading neutral, maintaining their bullish control zones will be indicative of strength.
Overall, in my opinion, IDEXBUSD is a valid long with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps!
Thank you for following my work
And remember,
“In order to succeed, you first have to be willing to experience failure.”
― Yvan Byeajee
Today’s analysis – IDEXBUSD – trading above the Daily S/R with further upside potential,
Points to consider,
- Price Action Impulsive
- Daily S/R Support
- Swing High Objective
- Volume Influx
- Oscillators neutral
IDEXBUSD’s immediate price action is impulsive, trading above a key location that has technical confluence with the 1.414 Fibonacci, this allows for a bullish bias.
The Swing High is the current objective, exceeding this level will increase the probability of continuing the trend.
The current volume profile has a valid climax, this is indicative of a true break, follow through is needed for a continued bullish bias.
The oscillators are current trading neutral, maintaining their bullish control zones will be indicative of strength.
Overall, in my opinion, IDEXBUSD is a valid long with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps!
Thank you for following my work
And remember,
“In order to succeed, you first have to be willing to experience failure.”
― Yvan Byeajee
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Disclaimer
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Join the Free Trading Group
Telegram: t.me/freetradingden 🔥
Unlock Blofin Bonuses
Trade with perks & support the community!
partner.blofin.com/d/alchemisttrader 🎁
Stay sharp, trade smart.
— Team The Alchemist ⚔️
Telegram: t.me/freetradingden 🔥
Unlock Blofin Bonuses
Trade with perks & support the community!
partner.blofin.com/d/alchemisttrader 🎁
Stay sharp, trade smart.
— Team The Alchemist ⚔️
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.