- Price formed bullish RSI divergence at the lows, signaling early reversal strength.
- Market shifted from Lower Highs (LH) to Higher Lows (HL), confirming a trend change.
- Price reclaimed key EMAs and has now printed a clean Higher High (HH).
- A 1H Fair Value Gap (FVG) was filled, adding confluence for bullish continuation.
- Momentum remains strong as candles stay above the short-term moving averages
Trade Plan
- Buy Zone: 51.28 – 51.32
- Take-Profit (TP): 51.836
- Stop-Loss (SL): 50.806
Why This Setup Makes Sense
- Strong bullish structure shift after divergence.
- Fresh HH confirms continuation bias.
- Clear path to 51.836 liquidity zone.
- EMAs aligned for bullish momentum.
Invalidation
- Break below 50.806 invalidates the bullish structure and cancels the setup.
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.
