The trading setup on the 1-hour timeframe, and it includes the following key components:
Entry Zone:
The area is marked as the Entry Zone.
Traders are expected to enter a buy position when the price dips into this zone.
Approximate entry range: 1.10871 – 1.10567
🔴 Stop Loss (SL):
Marked below the Entry Zone.
The Stop Loss is placed at around 1.10256.
This protects against further downside if the trade setup fails.
🟢 Final Target:
The area marks the take profit zone, or Final Target.
Target price: 1.12477
This is where the trade is expected to reach if the price moves favorably.
📈 Projection:
Two potential upward price paths are shown, indicating:
One quick bounce from the Entry Zone.
Another scenario where price dips slightly deeper into the Entry Zone before reversing upward.
💬 Summary:
This is a long (buy) trade setup where the trader aims to buy near the 1.10500–1.10871 area, sets a stop loss around 1.10256, and targets a profit at 1.12477. The analysis assumes a bullish reversal after the recent downtrend.
Entry Zone:
The area is marked as the Entry Zone.
Traders are expected to enter a buy position when the price dips into this zone.
Approximate entry range: 1.10871 – 1.10567
🔴 Stop Loss (SL):
Marked below the Entry Zone.
The Stop Loss is placed at around 1.10256.
This protects against further downside if the trade setup fails.
🟢 Final Target:
The area marks the take profit zone, or Final Target.
Target price: 1.12477
This is where the trade is expected to reach if the price moves favorably.
📈 Projection:
Two potential upward price paths are shown, indicating:
One quick bounce from the Entry Zone.
Another scenario where price dips slightly deeper into the Entry Zone before reversing upward.
💬 Summary:
This is a long (buy) trade setup where the trader aims to buy near the 1.10500–1.10871 area, sets a stop loss around 1.10256, and targets a profit at 1.12477. The analysis assumes a bullish reversal after the recent downtrend.
Order cancelled
market goes on our favor but don't fill our entry zone.
trade cancelled.
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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.
Fed up with random trades and no progress? I drop real setups that make sense — not hype. If you're serious about growing, hop into the Telegram group and let’s build something real.
t.me/+galBMpR4FpNiOGI8
t.me/+galBMpR4FpNiOGI8
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.