The market has recently rebounded from a key support zone, showing strong bullish momentum and forming higher lows—a classic sign of accumulating demand. Price action suggests a potential breakout to the upside, possibly driven by liquidity resting above recent swing highs. If history is any guide, this pattern could signal further continuation in the direction of the trend.
Trade Setup (Risk Parameters):
Entry: 144.372
Stop Loss: 143.599
Target Levels:
Take Profit 1: 145.889
Take Profit 2: 148.508
This setup offers a favorable risk-to-reward ratio, aligning with recent market structure and momentum. As always, manage risk appropriately and monitor price action closely.
Let me know your thoughts in the comments. If this analysis resonates with your trading style, consider giving it a boost and follow for more high-probability setups. Stay disciplined and trade safe!
Trade Setup (Risk Parameters):
Entry: 144.372
Stop Loss: 143.599
Target Levels:
Take Profit 1: 145.889
Take Profit 2: 148.508
This setup offers a favorable risk-to-reward ratio, aligning with recent market structure and momentum. As always, manage risk appropriately and monitor price action closely.
Let me know your thoughts in the comments. If this analysis resonates with your trading style, consider giving it a boost and follow for more high-probability setups. Stay disciplined and trade safe!
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.