Monthly Time Frame:
On the monthly chart, the price has reached a key demand zone that has historically shown strong buyer interest. This is a crucial area where we are now witnessing a significant reaction, indicating that buyers are stepping in. The bullish pressure from this zone suggests the potential for upward momentum in the coming weeks or months.
Daily Time Frame:
On the daily chart, we see strong buying pressure that has led to an overextension in the current price action. This overextension is a signal that the market may soon undergo a correction. However, before assuming a reversal, it is important to focus on confirming signals that will validate a potential correction. These signals could include bearish candlestick formations or a breakdown in key support levels.
4-Hour Time Frame:
In the 4-hour chart, a clear trend reversal pattern has emerged, indicating a shift in market sentiment. We can observe lower lows being formed, with the most recent low liquidating the previous one, followed by a strong bullish movement. This sweep of liquidity followed by a rally signals that the market has completed its bearish phase and is ready to push higher.
Take Profit and Stop Loss Ideas:
Take Profit: A reasonable take profit level can be placed just below the next significant resistance area on the 4-hour chart or around key highs visible on the daily chart.
Stop Loss:
Conservative Stop Loss: Below the key demand zone on the 4-hour chart, allowing room for price fluctuations while still protecting the position.
Aggressive Stop Loss: Tighter, just below the most recent low, providing a higher risk-reward ratio but with less room for market noise.
On the monthly chart, the price has reached a key demand zone that has historically shown strong buyer interest. This is a crucial area where we are now witnessing a significant reaction, indicating that buyers are stepping in. The bullish pressure from this zone suggests the potential for upward momentum in the coming weeks or months.
Daily Time Frame:
On the daily chart, we see strong buying pressure that has led to an overextension in the current price action. This overextension is a signal that the market may soon undergo a correction. However, before assuming a reversal, it is important to focus on confirming signals that will validate a potential correction. These signals could include bearish candlestick formations or a breakdown in key support levels.
4-Hour Time Frame:
In the 4-hour chart, a clear trend reversal pattern has emerged, indicating a shift in market sentiment. We can observe lower lows being formed, with the most recent low liquidating the previous one, followed by a strong bullish movement. This sweep of liquidity followed by a rally signals that the market has completed its bearish phase and is ready to push higher.
Take Profit and Stop Loss Ideas:
Take Profit: A reasonable take profit level can be placed just below the next significant resistance area on the 4-hour chart or around key highs visible on the daily chart.
Stop Loss:
Conservative Stop Loss: Below the key demand zone on the 4-hour chart, allowing room for price fluctuations while still protecting the position.
Aggressive Stop Loss: Tighter, just below the most recent low, providing a higher risk-reward ratio but with less room for market noise.
交易進行
Active註釋
Trade is active and price is moving aggressively to the TP手動結束交易
Trade has been closed manuallyWiiso
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Wiiso
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