Timeframe: 15 Minutes
Analysis Type: Technical
Pattern Overview
The chart highlights a bullish Inverted Head & Shoulders (H&S) pattern, signaling a potential trend reversal. Key components include:
Left Shoulder: Formed near $94,800.
Head: Created at the low of $93,500.
Right Shoulder: Developing near $94,500-$94,800.
The neckline is at $96,000, representing significant resistance and a breakout trigger level.
Key Zones
Order Block (OB):
Bullish OB between $94,348 and $95,000, acting as a critical support zone.
Sell OB or Liquidity Zone:
Resistance near $99,000, identified as a profit-taking or liquidity grab area.
Trade Plan
Entry Condition:
Enter the trade after a confirmed breakout of the descending channel and a strong close above $96,000.
Note: Entry price may vary depending on where the breakout occurs.
Stop Loss (SL):
Place the stop-loss below the bullish order block or recent swing low. This level may vary based on where the breakout happens.
Take Profit (TP):
Target 1: $99,000 (Sell OB/Liquidity Zone).
Target 2: $103,000 (Measured Move of H&S pattern breakout).
Risk Management
Reward-to-Risk Ratio (RRR): Approximately 3:1 for TP1 and 5:1 for TP2.
Adjust position size based on the distance between your entry and stop-loss levels.
Supporting Indicators
Descending Channel Breakout: A breakout confirms bullish momentum and pattern validation.
RSI Divergence: Check for bullish divergence to strengthen the reversal signal.
Expected Path
The price may retest the order block ($94,348–$95,000) before surging towards the neckline ($96,000).
Upon breaking the neckline, expect the price to target $99,000 initially and potentially $103,000.
Disclaimer: Entry price and stop-loss levels depend on the point of breakout. Always perform your due diligence and adjust based on real-time market conditions.
Analysis Type: Technical
Pattern Overview
The chart highlights a bullish Inverted Head & Shoulders (H&S) pattern, signaling a potential trend reversal. Key components include:
Left Shoulder: Formed near $94,800.
Head: Created at the low of $93,500.
Right Shoulder: Developing near $94,500-$94,800.
The neckline is at $96,000, representing significant resistance and a breakout trigger level.
Key Zones
Order Block (OB):
Bullish OB between $94,348 and $95,000, acting as a critical support zone.
Sell OB or Liquidity Zone:
Resistance near $99,000, identified as a profit-taking or liquidity grab area.
Trade Plan
Entry Condition:
Enter the trade after a confirmed breakout of the descending channel and a strong close above $96,000.
Note: Entry price may vary depending on where the breakout occurs.
Stop Loss (SL):
Place the stop-loss below the bullish order block or recent swing low. This level may vary based on where the breakout happens.
Take Profit (TP):
Target 1: $99,000 (Sell OB/Liquidity Zone).
Target 2: $103,000 (Measured Move of H&S pattern breakout).
Risk Management
Reward-to-Risk Ratio (RRR): Approximately 3:1 for TP1 and 5:1 for TP2.
Adjust position size based on the distance between your entry and stop-loss levels.
Supporting Indicators
Descending Channel Breakout: A breakout confirms bullish momentum and pattern validation.
RSI Divergence: Check for bullish divergence to strengthen the reversal signal.
Expected Path
The price may retest the order block ($94,348–$95,000) before surging towards the neckline ($96,000).
Upon breaking the neckline, expect the price to target $99,000 initially and potentially $103,000.
Disclaimer: Entry price and stop-loss levels depend on the point of breakout. Always perform your due diligence and adjust based on real-time market conditions.
Dagangan aktif
Now is took support at the Order Block. We can take long with the given stop loss
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.