Current Price: ~$119,872 showing consolidation just above the 0.618 Fibonacci retracement level.
Structure: Price has bounced from the supply zone (~118.4K–118.6K) and is currently pushing upward.
Ichimoku Cloud: Price is trading within a cloud breakout attempt, indicating potential bullish momentum.
Fair Value Gaps (FVG): Two unfilled FVGs above suggest liquidity targets at ~$120.6K and ~$121.5K.
Support Levels:
Strong Support: ~$115.8K–116.5K.
Local Supply Zone Support: ~$118.4K.
Target: Main upside target sits at $121,533, aligning with a prior high and liquidity pool.
Trade Plan (Long Setup):
Entry: $119,700 – $119,900 (current consolidation zone)
Stop Loss: Below $118,400 (below supply zone)
Take Profit 1: $120,600 (first FVG target)
Take Profit 2: $121,533 (major resistance/liquidity target)
Risk/Reward Ratio: ~2.8
Notes: Wait for a bullish confirmation candle or 1H close above $119,900 before entering. Avoid chasing if price spikes without retest.
This plan follows the chart’s bullish structure and aims to ride the move into the untested liquidity areas above.
If you want, I can also give you a short scenario plan in case price rejects here. That would make this a full two-way trade setup.
Structure: Price has bounced from the supply zone (~118.4K–118.6K) and is currently pushing upward.
Ichimoku Cloud: Price is trading within a cloud breakout attempt, indicating potential bullish momentum.
Fair Value Gaps (FVG): Two unfilled FVGs above suggest liquidity targets at ~$120.6K and ~$121.5K.
Support Levels:
Strong Support: ~$115.8K–116.5K.
Local Supply Zone Support: ~$118.4K.
Target: Main upside target sits at $121,533, aligning with a prior high and liquidity pool.
Trade Plan (Long Setup):
Entry: $119,700 – $119,900 (current consolidation zone)
Stop Loss: Below $118,400 (below supply zone)
Take Profit 1: $120,600 (first FVG target)
Take Profit 2: $121,533 (major resistance/liquidity target)
Risk/Reward Ratio: ~2.8
Notes: Wait for a bullish confirmation candle or 1H close above $119,900 before entering. Avoid chasing if price spikes without retest.
This plan follows the chart’s bullish structure and aims to ride the move into the untested liquidity areas above.
If you want, I can also give you a short scenario plan in case price rejects here. That would make this a full two-way trade setup.
Trade chiuso: obiettivo raggiunto
All target achived
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Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.