Looking at all three timeframes (15m, 1H, and 4H), I can provide a comprehensive analysis that aligns the shorter-term opportunity with the larger timeframe context.
Multi-Timeframe Assessment
4H Analysis:
Price is in a clear uptrend after establishing a significant bottom around 155.00
We've seen a strong recovery from recent lows to current 161.59 levels
Currently testing resistance after a bullish impulse move from the 159.00 support area
Momentum favors bulls with consecutive higher lows forming
1H Analysis:
Price has broken above the recent consolidation range and is showing strength
The uptrend is intact with higher highs and higher lows
Recent support has formed around 160.80-161.00 area
Current price action shows bullish momentum after a breakout
15m Analysis:
Immediate trend is bullish with recent price action showing upward momentum
Price is pushing against intraday resistance after a short consolidation period
Multiple bullish candles showing buyer interest
Trade Setup
Trade Bias: Bullish
The alignment across all timeframes confirms a bullish bias, with the 4H showing the larger uptrend, the 1H confirming the breakout, and the 15m showing immediate bullish momentum.
Entry Price: 161.65
Enter on a slight pullback and confirmation of continued bullish momentum, or on a breakout above the small resistance level visible on the 15m chart.
Stop Loss: 161.30
This respects your 35 pip maximum risk parameter while placing the stop below the recent swing low visible on the 15m and 1H charts.
Take Profit Levels:
Primary TP: 162.20 (prior resistance level visible on the 4H chart)
Extended TP: 162.80 (projected extension based on the 4H chart pattern)
Risk-to-Reward Ratio:
Primary target: 1:1.6 (35 pips risk, 55 pips reward)
Extended target: 1:3.3 (35 pips risk, 115 pips reward)
Trade Rationale:
Multi-timeframe confluence shows bullish momentum across 15m, 1H, and 4H charts
Price is making a clear recovery after establishing support at 159.00
The 161.30 level serves as immediate support (previous resistance turned support)
Upside potential is significant given the larger trend visible on the 4H chart
Current price action indicates bullish continuation after recent consolidation
Trade Management:
Consider moving stop to breakeven after price moves 20-25 pips in your favor
Potential to take partial profits at the primary target and let remainder run to extended target
Watch for potential resistance at the 162.00 psychological level
Multi-Timeframe Assessment
4H Analysis:
Price is in a clear uptrend after establishing a significant bottom around 155.00
We've seen a strong recovery from recent lows to current 161.59 levels
Currently testing resistance after a bullish impulse move from the 159.00 support area
Momentum favors bulls with consecutive higher lows forming
1H Analysis:
Price has broken above the recent consolidation range and is showing strength
The uptrend is intact with higher highs and higher lows
Recent support has formed around 160.80-161.00 area
Current price action shows bullish momentum after a breakout
15m Analysis:
Immediate trend is bullish with recent price action showing upward momentum
Price is pushing against intraday resistance after a short consolidation period
Multiple bullish candles showing buyer interest
Trade Setup
Trade Bias: Bullish
The alignment across all timeframes confirms a bullish bias, with the 4H showing the larger uptrend, the 1H confirming the breakout, and the 15m showing immediate bullish momentum.
Entry Price: 161.65
Enter on a slight pullback and confirmation of continued bullish momentum, or on a breakout above the small resistance level visible on the 15m chart.
Stop Loss: 161.30
This respects your 35 pip maximum risk parameter while placing the stop below the recent swing low visible on the 15m and 1H charts.
Take Profit Levels:
Primary TP: 162.20 (prior resistance level visible on the 4H chart)
Extended TP: 162.80 (projected extension based on the 4H chart pattern)
Risk-to-Reward Ratio:
Primary target: 1:1.6 (35 pips risk, 55 pips reward)
Extended target: 1:3.3 (35 pips risk, 115 pips reward)
Trade Rationale:
Multi-timeframe confluence shows bullish momentum across 15m, 1H, and 4H charts
Price is making a clear recovery after establishing support at 159.00
The 161.30 level serves as immediate support (previous resistance turned support)
Upside potential is significant given the larger trend visible on the 4H chart
Current price action indicates bullish continuation after recent consolidation
Trade Management:
Consider moving stop to breakeven after price moves 20-25 pips in your favor
Potential to take partial profits at the primary target and let remainder run to extended target
Watch for potential resistance at the 162.00 psychological level
Trade active
Trade closed: target reached
TP1 hit, move SL to BE, close 50% of trade
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.