(4H Timeframe) Analysis:

(4H Timeframe)
Analysis:

Support Level: 68.00
This is a key level where buyers are likely to step in and support the price.

Resistance Level: 75.00
This is the potential target zone where the price may face resistance or reverse.


Trade Setup:
The price is consolidating near the 68.00 support level, indicating potential bullish momentum. A breakout above the current levels could push the price towards the 75.00 target.

Entry Point: Enter above 72.00 after confirmation of a breakout.

Stop Loss: Place below 67.50 to limit risk.

Target: Set a take profit at 75.00.


Risk Management:
Always maintain a risk-to-reward ratio of 1:2 or better. Trade within your risk tolerance and avoid over-leveraging.

Technical Indicators:

Trend: Bullish

Chart Pattern: Higher Highs and Higher Lows

Additional Confirmation: Look for bullish signals on RSI and MACD indicators.


Disclaimer:
This analysis is for educational purposes only and should not be considered as investment advice. Conduct your own research and prioritize risk management.