$ENSO Higher-high & higher-low formation on the 15-minute chart
Strong bullish expansion after breakout
Buyers in full control, but momentum is overextended
Key Zones:
Support Zone: 1.120 – 1.135
Resistance Zone: 1.190 – 1.210
Current Entry (if chasing)
Trade Setup (Long – Pullback Based):
Entry Zone: 1.125 – 1.145
Take Profit Targets:
TP1: 1.180
TP2: 1.195
TP3: 1.210
Stop Loss: Below 1.105
Price Action Insight:
ENSO has printed a strong impulsive move on the 15-minute timeframe with price holding above all key moving averages. MACD shows a fresh bullish crossover, confirming trend strength. However, RSI(6) at 91+ signals extreme overbought conditions, increasing the probability of a short-term pullback before continuation. Best risk-to-reward comes from waiting for price to retrace into the support zone rather than chasing the breakout.
