Intraday Bullish:
*. Trend Line Break:The price has broken and is trading above a previously declining trend line. This indicates a potential shift from a bearish to a bullish trend.
*. Horizontal Structure Break:On the 1-hour (1H) timeframe, the price has also broken and closed above a significant horizontal resistance level. This further confirms the bullish momentum.
*. Expectation:Based on the above technical signals, there is an anticipation that the price will continue to rise towards the target level of 1.90250.
Action Plan:Monitor the price action for any pullbacks or retests of the broken horizontal structure or trend line, which could serve as potential entry points for long positions.Set stop-loss orders below the recent low or the broken horizontal resistance to manage risk.Consider partial profit-taking or trailing stop strategies as the price approaches the target level of 1.90250. (Good luck 🤞🤞)
*. Trend Line Break:The price has broken and is trading above a previously declining trend line. This indicates a potential shift from a bearish to a bullish trend.
*. Horizontal Structure Break:On the 1-hour (1H) timeframe, the price has also broken and closed above a significant horizontal resistance level. This further confirms the bullish momentum.
*. Expectation:Based on the above technical signals, there is an anticipation that the price will continue to rise towards the target level of 1.90250.
Action Plan:Monitor the price action for any pullbacks or retests of the broken horizontal structure or trend line, which could serve as potential entry points for long positions.Set stop-loss orders below the recent low or the broken horizontal resistance to manage risk.Consider partial profit-taking or trailing stop strategies as the price approaches the target level of 1.90250. (Good luck 🤞🤞)
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