Timeframe: Appears to be intraday (possibly 5-15 minutes).
Indicators:
EMA 30 (red): Showing recent bearish momentum.
EMA 200 (blue): Positioned above, indicating a longer-term bearish trend.
Candlestick Pattern: After a steep drop, price shows signs of consolidation and potential reversal.
📌 Trade Setup (Long/Bullish Bias)
Entry Zone: Around $2,963.2
Price is expected to pull back into this purple demand zone before moving up.
Stop Loss (SL): $2,956.1
Placed below the support zone to limit downside risk.
Take Profit (TP / Target Point): $2,988.2
A previous supply zone near the EMA 30, where selling pressure could return.
📊 Risk-Reward Ratio
Risk: $2,963.2 - $2,956.1 = $7.1
Reward: $2,988.2 - $2,963.2 = $25
RRR (Reward-to-Risk Ratio): ~3.5:1
This is a solid ratio, suggesting a high-potential trade if the setup plays out.
📈 Bullish Scenario
Price pulls back into the demand zone (entry).
A bullish candlestick confirmation or wick rejection could trigger a buy.
Target is the previous structure + EMA zone.
Indicators:
EMA 30 (red): Showing recent bearish momentum.
EMA 200 (blue): Positioned above, indicating a longer-term bearish trend.
Candlestick Pattern: After a steep drop, price shows signs of consolidation and potential reversal.
📌 Trade Setup (Long/Bullish Bias)
Entry Zone: Around $2,963.2
Price is expected to pull back into this purple demand zone before moving up.
Stop Loss (SL): $2,956.1
Placed below the support zone to limit downside risk.
Take Profit (TP / Target Point): $2,988.2
A previous supply zone near the EMA 30, where selling pressure could return.
📊 Risk-Reward Ratio
Risk: $2,963.2 - $2,956.1 = $7.1
Reward: $2,988.2 - $2,963.2 = $25
RRR (Reward-to-Risk Ratio): ~3.5:1
This is a solid ratio, suggesting a high-potential trade if the setup plays out.
📈 Bullish Scenario
Price pulls back into the demand zone (entry).
A bullish candlestick confirmation or wick rejection could trigger a buy.
Target is the previous structure + EMA zone.
Trade closed: target reached
Join my telegram (COPY_TRADE)
t.me/TOP1INVEESTADMEN
Join my refrel broker link
one.exnesstrack.org/a/l1t1rf3p6v
t.me/TOP1INVEESTADMEN
Join my refrel broker link
one.exnesstrack.org/a/l1t1rf3p6v
Related publications
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.
Join my telegram (COPY_TRADE)
t.me/TOP1INVEESTADMEN
Join my refrel broker link
one.exnesstrack.org/a/l1t1rf3p6v
t.me/TOP1INVEESTADMEN
Join my refrel broker link
one.exnesstrack.org/a/l1t1rf3p6v
Related publications
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.