Breaking News

SKL/USDT (Futures) Potential Upward Movement

SKL/USDT (Futures) Long-Term Trend: Bullish

Key Resistance Levels: 0.12887, 0.13480, 0.14244.

Key Support Levels: 0.12193, 0.11457, 0.11115.

Daily Time Frame:

The price on the higher time frame succeeded to break the bearish trendline to the upside after posting a double bottom. The market retraced to the support area where it left a hammer bar with a long wick to the upside. This could lead to a move higher in the coming hours.

SKL/USDT (Futures) Medium-Term Trend: Bullish

1-Hr Time Frame:

On the lower time frame, the buyers to break the bearish trend line to the upside after an inverse head and shoulders formation. A lower correction could be seen to the support level to bring back liquidity before a new bullish impulsive wave toward the target profits.

Buy Market Order @ 0.12295

TP 1 @ 0.12887

TP 2 @ 0.13480

Stop Loss @ 0.11705

Trade Safely 🙂

About Joe Damien

Joe is a proven Forex analyst and manual trader with 6 years of full-time trading experience. He is a swing trader that relies on price action, market structure and Fibonacci retracement. His two most successful pairs are CHF/JPY, CAD/JPY, but his expertise allows him to profit on any asset or pair.

Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Download My Free Robot

Get your Robot Now!






Free Robot!