After a consolidation and indecision phase, price eventually broke out of the range with good bullish momentum, signifying a probable continuation of the trend. The breakout candle closed above the resistance level, making it a new support area (entry zone). This is in line with prior structure and volume accumulation.
Entry Zone: 3,258 – 3,261
Stop Loss (SL): Below 3,255 to guard against false breaks
Take Profit 1 (TP1): 3,264 (important resistance re-test)
Take Profit 2 (TP2): 3,267 (former swing high)
This setup has a good risk-reward and is consistent with the sentiment after a liquidity pull from lower levels.
Reminder: Wait for a small retracement or confirmation prior to entry to minimize drawdown. Suitable for breakout traders who want to capture momentum early.
Entry Zone: 3,258 – 3,261
Stop Loss (SL): Below 3,255 to guard against false breaks
Take Profit 1 (TP1): 3,264 (important resistance re-test)
Take Profit 2 (TP2): 3,267 (former swing high)
This setup has a good risk-reward and is consistent with the sentiment after a liquidity pull from lower levels.
Reminder: Wait for a small retracement or confirmation prior to entry to minimize drawdown. Suitable for breakout traders who want to capture momentum early.
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Penerbitan berkaitan
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.
Unlock your winning setups Grab them FREE and level up your trades! 🔥 No strings attached, just pure profit potential! t.me/+MHVk0E7vVpxiOTc8
Penerbitan berkaitan
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.