Trend & Structure: Price has been respecting a rising channel with clear support and rejection lines. After testing the support line, it rebounded and is now consolidating.
EMA Strategy: Price is fluctuating around the 70 EMA (111,081) and 200 EMA (110,902), showing short-term consolidation. A bullish crossover above 70 EMA may confirm further upside momentum.
Order Block (OB) Zone: The marked OB Buying Zone (109,261 โ 110,252) is a strong demand area where buyers are expected to step in.
Support & Resistance: Support lies at 109,261, while the next resistance/target is 114,328.
Risk-Reward Strategy: A potential long entry from the OB zone offers a favorable R:R ratio toward the 114,328 target point. Stop loss ideally below 109,246.
Price Action: Recent wicks suggest rejection of lower levels, strengthening the bullish bias.
โ Signal: Buy from OB Buying Zone (109,261 โ 110,252)
๐ฏ Target: 114,328
๐ Stop Loss: Below 109,246
Overall Bias: Bullish continuation if price respects the OB buying zone and EMA support.
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