Suggest to buy for the target of 885/890.
Technical Analysis :
Strategy : Price Action with SMC
Type of Trade : Swing Trading
Time Frame : Daily
=> The downtrend end is observed by Double Bottom
=> The trend reversal (uptrend) is confirmed by broken the Neckline (Previous LHs). Moreover, the 50 EMA is greater than 200 EMA.
=> In an Uptrend, identified the Strong Demand Zone
=> Demand Zone mitigation also done with Liquidity Sweep. In addition, the price is bounced from the 200EMA
=> After Liquidity Sweep, I expect that the price is reversed to reach the target zone by forming CHOCH
=> So, I expect that the price is trying to reach the Target after collecting the pending orders at the FVG area. Therefore, I marked the entry level zone @ FVG (765/770)
=> SL (700) is the recent swing low on closing basis, which is also marked.
Based on the above analysis on the daily time frame, suggest to buy for the target of 885/890.
== EDUCATIONAL PURPOSE ONLY ==
Strategy : Price Action with SMC
Type of Trade : Swing Trading
Time Frame : Daily
=> The downtrend end is observed by Double Bottom
=> The trend reversal (uptrend) is confirmed by broken the Neckline (Previous LHs). Moreover, the 50 EMA is greater than 200 EMA.
=> In an Uptrend, identified the Strong Demand Zone
=> Demand Zone mitigation also done with Liquidity Sweep. In addition, the price is bounced from the 200EMA
=> After Liquidity Sweep, I expect that the price is reversed to reach the target zone by forming CHOCH
=> So, I expect that the price is trying to reach the Target after collecting the pending orders at the FVG area. Therefore, I marked the entry level zone @ FVG (765/770)
=> SL (700) is the recent swing low on closing basis, which is also marked.
Based on the above analysis on the daily time frame, suggest to buy for the target of 885/890.
== EDUCATIONAL PURPOSE ONLY ==
Exención de responsabilidad
La información y las publicaciones no pretenden ser, ni constituyen, asesoramiento o recomendaciones financieras, de inversión, de trading o de otro tipo proporcionadas o respaldadas por TradingView. Más información en Condiciones de uso.
Exención de responsabilidad
La información y las publicaciones no pretenden ser, ni constituyen, asesoramiento o recomendaciones financieras, de inversión, de trading o de otro tipo proporcionadas o respaldadas por TradingView. Más información en Condiciones de uso.