$ENSO Analysis 📊
The market has shown a strong bullish breakout with solid momentum, pushing the price towards new highs. After such an impulsive move, a pullback is expected before the next continuation.
The highlighted zone (around 0.88 – 0.92) is a potential buying area where price may come for a retest. This zone can act as strong support, and if the market gives a positive reaction here, we can expect a continuation towards the upside 📈.
It’s better to avoid chasing the price at the top and wait for a retracement into the buying zone with proper confirmation before entering a trade.
Plan:
• Buying zone: 0.88 – 0.92
• Entry after confirmation
• Target: Previous high (1.30) and above
❗ Disclaimer: This analysis is for educational purposes only and not financial advice. Trading involves risk, so always do your own research and manage your risk properly.