✅ Market Summary:
Timeframe: 1 Hour
Bias: Bullish (Short-Term)
Signal: Bullish Divergence – Lower lows on price, higher lows on RSI or MACD
Trend Context: Possibly in early stages of a reversal or retracement within a broader range
🔍 Technical Highlights:
Bullish Divergence: Confirmed on 1H (RSI or MACD)
Support Zone: Price reacting from an intraday support level or demand zone
Candle Confirmation: Look for a bullish engulfing, pin bar, or break of structure
📈 Trade Plan – LONG Setup
Entry:
After bullish confirmation candle closes
Or upon break of minor 1H resistance (structure shift)
Stop-Loss:
Below the recent swing low (beneath divergence level)
Take-Profit:
TP1: Previous 1H high or resistance
TP2: Fib 0.618 retracement of the last bearish leg (if applicable)
Risk-to-Reward: Aim for 1:1.5 or better
⚠️ Cautions & Notes:
This is a short-term play, not a higher time frame reversal (unless confirmed later)
Watch for NFP data, Fed commentary, or USD news that may spike volatility
Timeframe: 1 Hour
Bias: Bullish (Short-Term)
Signal: Bullish Divergence – Lower lows on price, higher lows on RSI or MACD
Trend Context: Possibly in early stages of a reversal or retracement within a broader range
🔍 Technical Highlights:
Bullish Divergence: Confirmed on 1H (RSI or MACD)
Support Zone: Price reacting from an intraday support level or demand zone
Candle Confirmation: Look for a bullish engulfing, pin bar, or break of structure
📈 Trade Plan – LONG Setup
Entry:
After bullish confirmation candle closes
Or upon break of minor 1H resistance (structure shift)
Stop-Loss:
Below the recent swing low (beneath divergence level)
Take-Profit:
TP1: Previous 1H high or resistance
TP2: Fib 0.618 retracement of the last bearish leg (if applicable)
Risk-to-Reward: Aim for 1:1.5 or better
⚠️ Cautions & Notes:
This is a short-term play, not a higher time frame reversal (unless confirmed later)
Watch for NFP data, Fed commentary, or USD news that may spike volatility
Trade active
TP 1: DoneTrade 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.