Buy Opportunity
Key Levels:
Support Zone: Around 194.292 and below, near 193.708.
Resistance Levels:
Intermediate: 195.562
Final Target: 198.446
Strong support at 191.875, as indicated by the historical low.
Signal: The setup indicates a buy signal with an expected move to 198.446, representing a 2.09% potential gain.
Indicators:
Squeeze Momentum Indicator (SQZMOM): Bearish pressure appears to be decreasing as the red histogram transitions to green, indicating a potential bullish reversal.
Volume Profile: The high liquidity zones around the current price area suggest that the price may bounce off this support.
Risk-Reward:
Entry: Around 194.375.
Stop-Loss: Below 193.131, to account for false breakouts.
Take-Profit Levels: Partial profits at 195.562 and final profits at 198.446.
Support Zone: Around 194.292 and below, near 193.708.
Resistance Levels:
Intermediate: 195.562
Final Target: 198.446
Strong support at 191.875, as indicated by the historical low.
Signal: The setup indicates a buy signal with an expected move to 198.446, representing a 2.09% potential gain.
Indicators:
Squeeze Momentum Indicator (SQZMOM): Bearish pressure appears to be decreasing as the red histogram transitions to green, indicating a potential bullish reversal.
Volume Profile: The high liquidity zones around the current price area suggest that the price may bounce off this support.
Risk-Reward:
Entry: Around 194.375.
Stop-Loss: Below 193.131, to account for false breakouts.
Take-Profit Levels: Partial profits at 195.562 and final profits at 198.446.
GODO Capital Markets
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