RESISTANCE @ 64050
TP3 @ 54460 (closing ALL Buy Orders)
-SL @ 48000
SLO1 @ 45000 ⏳
TP2 @ 43250 (closing ALL Buy Orders)
TP1 @ 35350 (shaving 50%)
BLO2 @ 28450 ⏳
+SL @ 27750 🚫 +202 pips (or +0.73%)
BLO1 @ 27548 📈 Net Equity @ +3109 pips (or +11.29%)
SUPPORT @ 13450
TECHNICAL ANALYSIS
— Supply Zone, an institutional selling range
As you can see from the P2P INDi, we have Price Action (PA) moving upward from Support towards Resistance, but only after it retraces from the Supply Zone(s) formed on the 3D/5H/50m, respectively.
~46760 (35m)
~45815 (5H)
~45525 (3D)
TECHNICAL ANALYSIS
— Oscillators @ NEUTRAL
Oscillators measure momentum, and when an oscillator is NEUTRAL, the security is neither overbought nor oversold. This measurement can be a signal that the security is in a period of consolidation or a potential reversal in the trend.
— Moving Averages @ STRONG BUY
A STRONG BUY signal on a moving average means that the price of the security has crossed above a moving average and is likely to continue to rise. This indication is usually seen as a sign of strength in the trend and can be an excellent signal to buy the security or continue to hold your long position.
SUMMARY @ BUY
In this case, PA reflects consolidation, as the Moving Averages indicate a STRONG BUY signal.
⚠️ I'm holding my long positions, in anticipating of PA pulling back to 28450 (3D) for another buying opportunity.
TP3 @ 54460 (closing ALL Buy Orders)
-SL @ 48000
SLO1 @ 45000 ⏳
TP2 @ 43250 (closing ALL Buy Orders)
TP1 @ 35350 (shaving 50%)
BLO2 @ 28450 ⏳
+SL @ 27750 🚫 +202 pips (or +0.73%)
BLO1 @ 27548 📈 Net Equity @ +3109 pips (or +11.29%)
SUPPORT @ 13450
TECHNICAL ANALYSIS
— Supply Zone, an institutional selling range
As you can see from the P2P INDi, we have Price Action (PA) moving upward from Support towards Resistance, but only after it retraces from the Supply Zone(s) formed on the 3D/5H/50m, respectively.
~46760 (35m)
~45815 (5H)
~45525 (3D)
TECHNICAL ANALYSIS
— Oscillators @ NEUTRAL
Oscillators measure momentum, and when an oscillator is NEUTRAL, the security is neither overbought nor oversold. This measurement can be a signal that the security is in a period of consolidation or a potential reversal in the trend.
— Moving Averages @ STRONG BUY
A STRONG BUY signal on a moving average means that the price of the security has crossed above a moving average and is likely to continue to rise. This indication is usually seen as a sign of strength in the trend and can be an excellent signal to buy the security or continue to hold your long position.
SUMMARY @ BUY
In this case, PA reflects consolidation, as the Moving Averages indicate a STRONG BUY signal.
⚠️ I'm holding my long positions, in anticipating of PA pulling back to 28450 (3D) for another buying opportunity.
Professor C. E. Ward
