Price managed to break above the previous resistance level and is now showing strong bullish momentum.
The market formed a higher low followed by a strong impulsive move, indicating potential continuation to the upside.
The breakout above the resistance zone suggests that buyers are gaining control of the market.
If price holds above this level, we may see further bullish movement toward the next liquidity area.
Key Factors • Resistance breakout
• Bullish momentum
• Higher low formation
• Potential continuation move
This analysis is based on price action and market structure concepts.
Educational purposes only — not financial advice.
Follow ElBakryFX for more market analysis
The market formed a higher low followed by a strong impulsive move, indicating potential continuation to the upside.
The breakout above the resistance zone suggests that buyers are gaining control of the market.
If price holds above this level, we may see further bullish movement toward the next liquidity area.
Key Factors • Resistance breakout
• Bullish momentum
• Higher low formation
• Potential continuation move
This analysis is based on price action and market structure concepts.
Educational purposes only — not financial advice.
Follow ElBakryFX for more market analysis
Trade active
Target Reached 🎯 Price moved exactly as expected after reacting from the key level.
Reasons behind the move: • Strong reaction from the demand zone
• Bullish momentum
• Market structure support
Great respect of the technical setup.
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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.