✅ Key Observations:
Timeframe: 1 Hour
Signal: Bullish Divergence
Bias: Short-term bullish, possibly within a larger corrective structure
🔍 Technical Confluences:
Bullish Divergence on RSI or MACD:
Price made a lower low, while oscillator made a higher low – signaling weakening bearish momentum.
Possible Support Area:
Near a recent demand zone
May coincide with a minor trendline or Fibonacci level
Candle Structure:
Look for a bullish engulfing or pin bar to confirm reversal
📈 Trade Plan – LONG Position
Entry:
Buy after confirmation candle forms (bullish candle closing above previous one)
Or after a minor resistance break (micro-structure shift)
Stop Loss:
Just below the swing low where divergence formed
Take-Profit (Short-Term):
TP1: Nearest resistance level / recent high
TP2 (optional): Fib 0.618 retracement of the previous bearish move
Risk-to-Reward: Target at least 1:1.5 or 1:2
⚠️ Watch For:
A pullback before the full move starts – don't chase the first green candle blindly
If price makes a lower low with no divergence, re-evaluate the setup
Timeframe: 1 Hour
Signal: Bullish Divergence
Bias: Short-term bullish, possibly within a larger corrective structure
🔍 Technical Confluences:
Bullish Divergence on RSI or MACD:
Price made a lower low, while oscillator made a higher low – signaling weakening bearish momentum.
Possible Support Area:
Near a recent demand zone
May coincide with a minor trendline or Fibonacci level
Candle Structure:
Look for a bullish engulfing or pin bar to confirm reversal
📈 Trade Plan – LONG Position
Entry:
Buy after confirmation candle forms (bullish candle closing above previous one)
Or after a minor resistance break (micro-structure shift)
Stop Loss:
Just below the swing low where divergence formed
Take-Profit (Short-Term):
TP1: Nearest resistance level / recent high
TP2 (optional): Fib 0.618 retracement of the previous bearish move
Risk-to-Reward: Target at least 1:1.5 or 1:2
⚠️ Watch For:
A pullback before the full move starts – don't chase the first green candle blindly
If price makes a lower low with no divergence, re-evaluate the setup
Trade active
On some brokers, TP is already done, but on some, it has to wait.Never breakeven the trade. Breakeven is a Scam. Have TP or Have SL. That is it.
Trade closed: target reached
Both TP hit
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.