Price recently formed a Higher High, confirming bullish momentum.
Currently, price is pulling back and forming a Higher Low, maintaining the uptrend structure.
📈 Buy Stop placed above the previous Higher High, anticipating a breakout continuation.
🛑 Stop Loss set just below the Higher Low, where price previously reversed.
🎯 Risk to Reward: 1:2, aiming for a favorable reward relative to the risk.
Structure: Bullish (HH + HL)
Entry Type: Breakout Entry
Confirmation: Structure + Buy Stop Strategy
SL: Below HL | TP: 2x Risk
Currently, price is pulling back and forming a Higher Low, maintaining the uptrend structure.
📈 Buy Stop placed above the previous Higher High, anticipating a breakout continuation.
🛑 Stop Loss set just below the Higher Low, where price previously reversed.
🎯 Risk to Reward: 1:2, aiming for a favorable reward relative to the risk.
Structure: Bullish (HH + HL)
Entry Type: Breakout Entry
Confirmation: Structure + Buy Stop Strategy
SL: Below HL | TP: 2x Risk
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.