UJ Price is currently trading in the discounted range of the last bullish impulsive move on the Daily (D1) chart and is holding well above the 50 EMA, indicating a strong bullish bias.
On the 4H timeframe, we have a clean liquidity sweep, followed by a break of structure.
I am looking for long positions, with the stop loss placed below the monthly low.
The stop loss is relatively wide, as this is a higher-timeframe swing idea.
If price starts to play out in favor of the bullish thesis, I will look to add intraday long positions within the developing bullish move, aligned with the higher-timeframe structure.
On the 4H timeframe, we have a clean liquidity sweep, followed by a break of structure.
I am looking for long positions, with the stop loss placed below the monthly low.
The stop loss is relatively wide, as this is a higher-timeframe swing idea.
If price starts to play out in favor of the bullish thesis, I will look to add intraday long positions within the developing bullish move, aligned with the higher-timeframe structure.
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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.