๐
๐ Setup Type: Bullish Pennant Breakout โ Consolidation After Trend Rally
โ Trade Plan: Long Position
๐ Entry & Exit Plan
โ Entry Zone: Above $3.52 (Breakout Confirmation from Pennant)
๐ก๏ธ Stop-Loss (SL): Below $3.13 (Trendline + Base of Structure)
๐ฏ Take Profit Targets:
๐ TP1: $4.00 โ Psychological Resistance & Supply Zone
๐ TP2: $4.57 โ Major Resistance & Full Pennant Projection
๐ Risk-Reward Breakdown
๐ป Risk: $3.52 โ $3.13 = $0.39
๐ Reward to TP1: $4.00 โ $3.52 = $0.48 โ 1:1.2 R/R
๐ Reward to TP2: $4.57 โ $3.52 = $1.05 โ 1:2.7 R/R
โ Bullish continuation with ideal consolidation before breakout.
๐ Technical Breakdown
๐ Bullish Pennant Pattern: Formed after a strong upward trend
๐ Tight Consolidation: Breakout above the pennant signals bullish continuation
๐ Strong Volume Spike: Look for high volume on breakout to confirm move
๐ Trendline Support: Clear ascending structure holding higher lows
๐ ๏ธ Trade Execution Strategy
โ Wait for Breakout Candle: 30-min candle close above $3.52
โ SL to Break-even: After TP1 hit, shift SL to $3.52
โ Partial Booking Strategy:
โโซ๏ธ Book 50% at TP1 ($4.00)
โโซ๏ธ Let remaining run toward TP2 ($4.57)
โ Monitor Volume & Price Action near key zones
โ ๏ธ Risk Considerations
โ Fake Breakout Risk: Watch for rejection at pennant top
โ Low Volume Breakout: Lack of momentum may invalidate setup
๐ Final Thoughts from ProfittoPath
โ Strong bullish structure with healthy consolidation
โ Clear risk/reward levels and trade management path
โ Excellent breakout candidate if volume aligns
๐ก Stay patient, wait for confirmation, and manage risk with discipline.
๐ #HFFG #ChartSetup #PennantBreakout #ProfittoPath #StockAnalysis #TradingView
๐ Setup Type: Bullish Pennant Breakout โ Consolidation After Trend Rally
โ Trade Plan: Long Position
๐ Entry & Exit Plan
โ Entry Zone: Above $3.52 (Breakout Confirmation from Pennant)
๐ก๏ธ Stop-Loss (SL): Below $3.13 (Trendline + Base of Structure)
๐ฏ Take Profit Targets:
๐ TP1: $4.00 โ Psychological Resistance & Supply Zone
๐ TP2: $4.57 โ Major Resistance & Full Pennant Projection
๐ Risk-Reward Breakdown
๐ป Risk: $3.52 โ $3.13 = $0.39
๐ Reward to TP1: $4.00 โ $3.52 = $0.48 โ 1:1.2 R/R
๐ Reward to TP2: $4.57 โ $3.52 = $1.05 โ 1:2.7 R/R
โ Bullish continuation with ideal consolidation before breakout.
๐ Technical Breakdown
๐ Bullish Pennant Pattern: Formed after a strong upward trend
๐ Tight Consolidation: Breakout above the pennant signals bullish continuation
๐ Strong Volume Spike: Look for high volume on breakout to confirm move
๐ Trendline Support: Clear ascending structure holding higher lows
๐ ๏ธ Trade Execution Strategy
โ Wait for Breakout Candle: 30-min candle close above $3.52
โ SL to Break-even: After TP1 hit, shift SL to $3.52
โ Partial Booking Strategy:
โโซ๏ธ Book 50% at TP1 ($4.00)
โโซ๏ธ Let remaining run toward TP2 ($4.57)
โ Monitor Volume & Price Action near key zones
โ ๏ธ Risk Considerations
โ Fake Breakout Risk: Watch for rejection at pennant top
โ Low Volume Breakout: Lack of momentum may invalidate setup
๐ Final Thoughts from ProfittoPath
โ Strong bullish structure with healthy consolidation
โ Clear risk/reward levels and trade management path
โ Excellent breakout candidate if volume aligns
๐ก Stay patient, wait for confirmation, and manage risk with discipline.
๐ #HFFG #ChartSetup #PennantBreakout #ProfittoPath #StockAnalysis #TradingView
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.