1️⃣ Bullish Entry Plan (Long Position)** This is the **high-probability** scenario where price continues upward.
Entry Criteria (Long)** - **Ideal Entry:** If price pulls back into the **discount zone** or holds above the **equilibrium level**. - **Confirmations Needed:** - A **bullish BOS (Break of Structure) on lower timeframes** (5M or 15M). - Bullish rejection (e.g., **pin bar, engulfing candle, or liquidity sweep**). - **Price must stay above the discount zone** and not break below BOS.
Entry Trigger** - Look for price action near **43,365 – 43,425 (equilibrium area)** - If price shows bullish reaction in this area, enter long.
Stop Loss (SL)** - Below the **weak low** or **PDL (Previous Day’s Low)** - **Target:** - **First TP:** PDH (Previous Day’s High) around **43,800**. - **Final TP:** The strong high near **43,850 – 43,900**. 📈 **Risk-to-Reward (R:R)** → Aim for **1:3 or higher**.
2️⃣ Bearish Entry Plan (Short Position)** This setup assumes price **rejects from the premium zone** and sells off.
Entry Criteria (Short)** - **Ideal Entry:** At the **premium zone** near **43,750 – 43,850**. - **Confirmations Needed:** - A **liquidity grab** above PDH (**price fakes out then drops**). - **Bearish engulfing candle** or strong rejection. - A **Break of Structure (BOS) to the downside on lower timeframes
Entry Trigger** - If price **sweeps PDH (Previous Day’s High) but fails to hold above**, enter short.
Stop Loss (SL)** - Above the **strong high (~43,900)**.
3️⃣ Neutral Strategy (Wait for Confirmation)** - If price consolidates **between equilibrium & PDH**, avoid taking trades. - Only enter if **clear BOS or liquidity grab** happens.
Final Thoughts** - **For Longs:** Wait for a bullish rejection in the discount zone. - **For Shorts:** Look for a liquidity grab at the premium zone. - Use a **1:3 or 1:4 R:R** for better profitability. - Stick to **risk management** (max **1% per trade**).
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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.