EURNOK Bullish Reversal in Progress

31 May

📉 Weekly Overview:
EURNOK holds firm at a major support zone and prints a bullish engulfing candle, signaling potential reversal strength. This is a significant reaction level that previously acted as a demand zone — price respect here is a strong technical clue buyers are stepping in.

📈 Daily Chart Analysis:
The daily chart confirms bullish intent as price breaks internal structure and descending trendline, shifting short-term sentiment. Bullish momentum is building, and we now see buyers reclaiming control.

⏰ 4H Chart Setup:
The 4H structure breaks trendline resistance and EMA50, and continues upward with strong bullish candles and higher highs. A clear trend reversal is forming on this execution timeframe.

📌 Plan:
Bias: Bullish
Entry: On minor pullback near broken trendline / EMA50 retest (confirmation entry preferred)
Targets:
TP1: Previous 4H high
TP2: Daily resistance zone
Invalidation: Break below the bullish engulfing candle low on weekly timeframe

2 Haz

Not

First entry triggered.

4 gün önce

İşlem kapandı: durdurma seviyesi

SL hit before it turn back up.