✅ Key Observations
Support Zone (Highlighted in Orange)
Price previously bounced multiple times at this zone.
Eventually, there was a breakout below the zone, but the price quickly reclaimed it (fakeout or liquidity grab).
Breakout & Retest
After reclaiming the zone, the price came back and retested it.
Entry seems to have been taken on this retest.
Entry, SL, TP
Entry: Near the retest of the highlighted zone (around 2.27030).
SL: Below the fakeout low (~2.26740).
TP: Around 2.28200 (2:1 RR).
Result
The trade hit TP with strong bullish momentum.
Support Zone (Highlighted in Orange)
Price previously bounced multiple times at this zone.
Eventually, there was a breakout below the zone, but the price quickly reclaimed it (fakeout or liquidity grab).
Breakout & Retest
After reclaiming the zone, the price came back and retested it.
Entry seems to have been taken on this retest.
Entry, SL, TP
Entry: Near the retest of the highlighted zone (around 2.27030).
SL: Below the fakeout low (~2.26740).
TP: Around 2.28200 (2:1 RR).
Result
The trade hit TP with strong bullish momentum.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.