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.
Follow GoldenZoneFX more content and Valuable Insights.
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.
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