Current Price: 23,796 (Green Line)
Setup Analysis
Price is approaching the Buy Signal level with defined premium zones. Current positioning suggests potential for upward momentum from key support levels.
Trade Parameters
• Buy Entry: 23,827 (Buy Signal Level)
• Target 1 (TP1): 23,946
• Target 2 (TP2): 24,065
• Stop Loss: 23,608
• Risk/Reward: Approximately 1:2.5 to 1:4
Key Premium Zones
• Premium Buy Area: 23,707 - 23,608
• Premium Sell Area: 24,064 - 24,163
Trading Strategy
🔍 Price Action Focus: Observe price behavior at all key levels:
• Buy Entry (23,827): Wait for confirmation before entering
• TP1 (23,946): Monitor for continuation or reversal signals
• TP2 (24,065): Watch price action near premium sell zone
• SL (23,608): Respect the stop loss level
💡 Flexible Approach:
• Entry decisions should be based on price action at these levels
• Consider short-term reversal trades at key levels with appropriate position sizing
• Premium zones offer opportunities for counter-trend plays with proper risk management
⚠️ Risk Management:
• Position size appropriately for your account
• Honor your stop loss at all times
• Take partial profits at TP1
• Adjust position size for reversal trades in premium zones
This is not financial advice. Trade at your own risk and always do your own research.
Setup Analysis
Price is approaching the Buy Signal level with defined premium zones. Current positioning suggests potential for upward momentum from key support levels.
Trade Parameters
• Buy Entry: 23,827 (Buy Signal Level)
• Target 1 (TP1): 23,946
• Target 2 (TP2): 24,065
• Stop Loss: 23,608
• Risk/Reward: Approximately 1:2.5 to 1:4
Key Premium Zones
• Premium Buy Area: 23,707 - 23,608
• Premium Sell Area: 24,064 - 24,163
Trading Strategy
🔍 Price Action Focus: Observe price behavior at all key levels:
• Buy Entry (23,827): Wait for confirmation before entering
• TP1 (23,946): Monitor for continuation or reversal signals
• TP2 (24,065): Watch price action near premium sell zone
• SL (23,608): Respect the stop loss level
💡 Flexible Approach:
• Entry decisions should be based on price action at these levels
• Consider short-term reversal trades at key levels with appropriate position sizing
• Premium zones offer opportunities for counter-trend plays with proper risk management
⚠️ Risk Management:
• Position size appropriately for your account
• Honor your stop loss at all times
• Take partial profits at TP1
• Adjust position size for reversal trades in premium zones
This is not financial advice. Trade at your own risk and always do your own research.
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.
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.