CL1 Breakout & Pullback Above Resistance – Strong Buy Signal ?
The price has broken above the $61.75 resistance and successfully pulled back to retest it as support, confirming a strong buy opportunity.
Key Confirmations:
Breakout above resistance: Signals bullish strength.
Pullback retest: Former resistance now acting as support.
Volume surge: High buying interest reinforces the move.
VWAP positioning: Trading well above VWAP ($61.36), favoring bulls.
Profit Zone: Green-marked target area for potential upside.
Stop-Loss Consideration: Manage risk with a stop in the red-marked zone.
Trade Idea: If momentum holds, this setup could lead to a continued uptrend. Watch price action near support to confirm further movement.
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Key Confirmations:
Breakout above resistance: Signals bullish strength.
Pullback retest: Former resistance now acting as support.
Volume surge: High buying interest reinforces the move.
VWAP positioning: Trading well above VWAP ($61.36), favoring bulls.
Profit Zone: Green-marked target area for potential upside.
Stop-Loss Consideration: Manage risk with a stop in the red-marked zone.
Trade Idea: If momentum holds, this setup could lead to a continued uptrend. Watch price action near support to confirm further movement.
Follow GoldenZoneFX for more content and valuable insights!
What do you think? Let’s discuss this setup!
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Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.