Technical Analysis (SMC Method) :
=> Uptrend - The price is trading in above 200 EMA
=> Demand Zone (OB) formed with impulse move & BOS
=? Demand Zone mitigation done properly
=? After mitigation, the character was changed to move further
upside, which is confirmed by forming again BOS
=> Target & SL mentioned
Everything clearly drawn in chart. I hope that other users can understand easily.
Based on the above analysis on 4H chart, suggest buy for the target of 99.50/100
-- EDUCATIONAL PURPOSE ONLY --
=> Uptrend - The price is trading in above 200 EMA
=> Demand Zone (OB) formed with impulse move & BOS
=? Demand Zone mitigation done properly
=? After mitigation, the character was changed to move further
upside, which is confirmed by forming again BOS
=> Target & SL mentioned
Everything clearly drawn in chart. I hope that other users can understand easily.
Based on the above analysis on 4H chart, suggest buy for the target of 99.50/100
-- EDUCATIONAL PURPOSE ONLY --
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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.