The price has successfully broken above previous resistance, confirming bullish strength. The breakout is supported by high volume, signaling institutional participation and strong momentum.
Key Technical Signals
Resistance Break: Price surpasses a critical level, flipping it into new support.
Volume Surge: Increased buying activity confirms commitment from large players.
VWAP Support: Price remains above VWAP, reinforcing trend continuation.
Momentum Strength: No immediate rejection at resistance, indicating sustained buying pressure.
Trade Strategy
Entry Zone: Pullback to newly confirmed support for a better risk-reward setup.
Stop Loss: Below previous resistance to protect against false breakouts.
Profit Targets:
First Target: Next resistance level above.
Second Target: Trend continuation zone with strong liquidity.
Final Target: Extended move if volume remains elevated.
Risk Management
Risk-to-Reward Ratio: Maintain a minimum 1:2 to optimize gains.
Trade Management: Adjust stop-loss dynamically as price moves higher.
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Key Technical Signals
Resistance Break: Price surpasses a critical level, flipping it into new support.
Volume Surge: Increased buying activity confirms commitment from large players.
VWAP Support: Price remains above VWAP, reinforcing trend continuation.
Momentum Strength: No immediate rejection at resistance, indicating sustained buying pressure.
Trade Strategy
Entry Zone: Pullback to newly confirmed support for a better risk-reward setup.
Stop Loss: Below previous resistance to protect against false breakouts.
Profit Targets:
First Target: Next resistance level above.
Second Target: Trend continuation zone with strong liquidity.
Final Target: Extended move if volume remains elevated.
Risk Management
Risk-to-Reward Ratio: Maintain a minimum 1:2 to optimize gains.
Trade Management: Adjust stop-loss dynamically as price moves higher.
Follow GoldenZoneFX more content and Valuable Insights.
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.