The price is currently testing a strong support zone around 1584 – 1589, showing early signs of bullish reversal.
Buy entries are considered within this range, with the stop loss safely placed below the zone at 1499.4.
The target levels are set at:
→ 1st TP: 1680.1
→ 2nd TP: 1787.0
→ Final TP: 1857.6
This setup provides a favorable Risk/Reward ratio of 1:2.5 to 1:3, depending on the TP reached.
Strategy:
Entry in the demand zone with confirmation of bullish price action. Ideal for swing trading. Monitor lower time frames for early breakout signals.
