Status: Active Trade Idea
Bias: Bullish Reversl
📈 Trade Rationale:
Price broke out of a descending trend and is now consolidating above a key support zone.
Bullish engulfing candle on strong volume indicating potential reversal.
Market is reacting to a previous demand zone + liquidity grab wick below structure.
EMA is starting to flatten, possible trend shift.
Expecting price to push toward the 13.5483 resistance level if Mondays returns to same support aftr a consolidation breakout
Bias: Bullish Reversl
📈 Trade Rationale:
Price broke out of a descending trend and is now consolidating above a key support zone.
Bullish engulfing candle on strong volume indicating potential reversal.
Market is reacting to a previous demand zone + liquidity grab wick below structure.
EMA is starting to flatten, possible trend shift.
Expecting price to push toward the 13.5483 resistance level if Mondays returns to same support aftr a consolidation breakout
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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.