Hello Traders,
There’s a potential Buy/Sell opportunity here based on the current price action. I’ve marked trendlines on two different timeframes, which highlight key Support and Resistance levels.
I've shared more detailed analysis on my channel, so feel free to check that out for deeper insights.
When the price reacts (rejects) from these support or resistance zones, we can look to confirm our entry by analyzing volume—this helps us avoid false signals.
For trade management, consider using a Risk-Reward ratio between 1:2 and 1:5, depending on your personal trading style. Most importantly, avoid trading blindly—always wait for confirmation.
Wishing you all the best and happy trading!
Thank you!
There’s a potential Buy/Sell opportunity here based on the current price action. I’ve marked trendlines on two different timeframes, which highlight key Support and Resistance levels.
I've shared more detailed analysis on my channel, so feel free to check that out for deeper insights.
When the price reacts (rejects) from these support or resistance zones, we can look to confirm our entry by analyzing volume—this helps us avoid false signals.
For trade management, consider using a Risk-Reward ratio between 1:2 and 1:5, depending on your personal trading style. Most importantly, avoid trading blindly—always wait for confirmation.
Wishing you all the best and happy trading!
Thank you!
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.