After quite a while, I'm back to share a new idea – hopefully it benefits fellow traders.
QFBQ is shaping up for a potential breakout from the current descending resistance line. Price has recently shown strength with a rebound from the support zone (around 1.65), forming a possible RBS (resistance turned support) setup.
We might see a short pullback before it pushes through the trendline. Watch closely for a clean break to the upside.
Brief Trading Plan
Entry: 1.740
Support / Stop Loss: 1.654
Target TP1: 1.915
Risk: 5% of 60k capital
Units Size: 34,200
Potential ROI: ~10%
Let’s see how price reacts around this level. A breakout with volume could ignite the next leg up.
#QFBQ #QSE #LeshaBank #SwingTrade #Breakout #SupportResistance #TradingQatar #TradingViewIdeas #MainBursaMYkiniQatar
QFBQ is shaping up for a potential breakout from the current descending resistance line. Price has recently shown strength with a rebound from the support zone (around 1.65), forming a possible RBS (resistance turned support) setup.
We might see a short pullback before it pushes through the trendline. Watch closely for a clean break to the upside.
Brief Trading Plan
Entry: 1.740
Support / Stop Loss: 1.654
Target TP1: 1.915
Risk: 5% of 60k capital
Units Size: 34,200
Potential ROI: ~10%
Let’s see how price reacts around this level. A breakout with volume could ignite the next leg up.
#QFBQ #QSE #LeshaBank #SwingTrade #Breakout #SupportResistance #TradingQatar #TradingViewIdeas #MainBursaMYkiniQatar
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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.