BTCUSD Bullish Breakout: Higher Timeframe Channel Break
The higher timeframe chart shows a decisive breakout from a descending channel, signals a potential trend reversal from bearish to bullish. This shift is confirmed by the lower timeframe chart, which displays price breaking above resistance levels and maintaining higher highs and higher lows.
MARKET STRUCTURE
On the higher timeframe, the market structure has transitioned to bullish, characterized by the breakout from the descending channel. The lower timeframe reinforces this with a series of higher highs and higher lows, indicating robust bullish momentum.
LIQUIDITY ZONES
Notable liquidity is observed around the 104,800 - 105,200 zone, which previously acted as resistance and now serves as support. This liquidity zone aligns across both timeframes, suggesting ongoing institutional interest may continue to support price.
ORDER BLOCKS AND FVG
Both charts exhibit fair value gaps (FVG) around current price action. The higher timeframe FVG may act as a magnet, pulling price toward higher levels like 107,000. On the lower timeframe, these FVGs reinforce potential entry zones upon pullback.
TRADE IDEA
Both timeframes suggest a bullish scenario. Wait for sell-side liquidity near the 104,800 support level to be swept, followed by bullish confirmation.
ENTRY POINT & CRITERIA
Enter a long position after seeing bullish reversal signals like a bullish engulfing pattern at the 104,800 level.
STOPLOSS
Set the stop loss below the recent swing low at 104,100 to minimize risk.
TAKE PROFIT TARGETS
- Set Take Profit 1 around 106,500
- Set Take Profit 2 at 107,200, aligning with the next resistance and liquidity zone
INVALIDATION CRITERIA
If price breaks below 104,100 with strong bearish candlesticks, or fails to hold the identified support, the trade setup is invalidated. Wait for better alignment before re-entering.
REMINDER
Always wait for confirmation and avoid impulsive entries.
MARKET STRUCTURE
On the higher timeframe, the market structure has transitioned to bullish, characterized by the breakout from the descending channel. The lower timeframe reinforces this with a series of higher highs and higher lows, indicating robust bullish momentum.
LIQUIDITY ZONES
Notable liquidity is observed around the 104,800 - 105,200 zone, which previously acted as resistance and now serves as support. This liquidity zone aligns across both timeframes, suggesting ongoing institutional interest may continue to support price.
ORDER BLOCKS AND FVG
Both charts exhibit fair value gaps (FVG) around current price action. The higher timeframe FVG may act as a magnet, pulling price toward higher levels like 107,000. On the lower timeframe, these FVGs reinforce potential entry zones upon pullback.
TRADE IDEA
Both timeframes suggest a bullish scenario. Wait for sell-side liquidity near the 104,800 support level to be swept, followed by bullish confirmation.
ENTRY POINT & CRITERIA
Enter a long position after seeing bullish reversal signals like a bullish engulfing pattern at the 104,800 level.
STOPLOSS
Set the stop loss below the recent swing low at 104,100 to minimize risk.
TAKE PROFIT TARGETS
- Set Take Profit 1 around 106,500
- Set Take Profit 2 at 107,200, aligning with the next resistance and liquidity zone
INVALIDATION CRITERIA
If price breaks below 104,100 with strong bearish candlesticks, or fails to hold the identified support, the trade setup is invalidated. Wait for better alignment before re-entering.
REMINDER
Always wait for confirmation and avoid impulsive entries.
Disclaimer
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