I’m entering a buy position from a key demand zone, where price previously showed strong rejection and formed a potential double-bottom structure. The recent bullish reaction from this support area indicates renewed buying pressure. My stop loss is placed just below the structural low to protect against false breakouts, while the take-profit target is aligned with the upper trendline, where potential resistance may appear.
This trade follows the overall market structure shift, anticipating a continuation toward higher highs as long as the price maintains above the identified demand zone.
Key Highlights:
Entry: Near 1.6237 (support zone retest)
Stop Loss: Below 1.6197 (structural low)
Take Profit: Around 1.6403 (trendline resistance)
Risk-to-Reward Ratio: Approximately 1:3
Bias: Bullish continuation following a correction
This trade follows the overall market structure shift, anticipating a continuation toward higher highs as long as the price maintains above the identified demand zone.
Key Highlights:
Entry: Near 1.6237 (support zone retest)
Stop Loss: Below 1.6197 (structural low)
Take Profit: Around 1.6403 (trendline resistance)
Risk-to-Reward Ratio: Approximately 1:3
Bias: Bullish continuation following a correction
Сделка активна
Trade is Risk Free now, and book some partialsЗаметка
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Отказ от ответственности
Все виды контента, которые вы можете увидеть на TradingView, не являются финансовыми, инвестиционными, торговыми или любыми другими рекомендациями. Мы не предоставляем советы по покупке и продаже активов. Подробнее — в Условиях использования TradingView.