Timeframe: 2-hour (H2)
Entry Zone: Around current breakout level of 24,619
Target: 25,133 – aligns with a prior reaction high and measured move projection from recent swing range.
Stop-Loss: 24,542 – just below the most recent higher low, protecting the setup if momentum fails.
Reasoning:
Price has been forming higher lows since August 7, indicating gradual strength building.
Moving averages have turned upward, confirming short-term trend change.
Previous sell-side liquidity zones have been cleared, reducing overhead resistance until the 25,133 area.
Volume profile shows a gap zone between 24,650 and 25,100, often filled quickly in trending conditions.
Risk Management:
This is a swing-style setup within an ongoing uptrend on the lower timeframe but still needs confirmation from follow-through buying.
Disclaimer:
This chart is for educational discussion only and does not constitute financial advice or a recommendation to trade. Markets carry risk, and decisions should be based on your own analysis and risk tolerance.
Entry Zone: Around current breakout level of 24,619
Target: 25,133 – aligns with a prior reaction high and measured move projection from recent swing range.
Stop-Loss: 24,542 – just below the most recent higher low, protecting the setup if momentum fails.
Reasoning:
Price has been forming higher lows since August 7, indicating gradual strength building.
Moving averages have turned upward, confirming short-term trend change.
Previous sell-side liquidity zones have been cleared, reducing overhead resistance until the 25,133 area.
Volume profile shows a gap zone between 24,650 and 25,100, often filled quickly in trending conditions.
Risk Management:
This is a swing-style setup within an ongoing uptrend on the lower timeframe but still needs confirmation from follow-through buying.
Disclaimer:
This chart is for educational discussion only and does not constitute financial advice or a recommendation to trade. Markets carry risk, and decisions should be based on your own analysis and risk tolerance.
Trade closed manually
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.