MARKEY ANALYSIS
TREND
Bullish trend on both 1-hour and 5-minute charts, with higher highs and higher lows.
MARKET STRUCTURE
Bullish market structure on both timeframes, with key structural breaks upward.
LIQUIDITY ZONES
Significant liquidity zones around resistance areas, potential entry points for long positions.
PRICE ACTION
Bullish candlestick formations, trend lines, and support levels indicate upward momentum.
TRADE SETUP
ENTRY
Wait for sell-side liquidity to be swept near $2920, then look for bullish confirmation (e.g., rejection candle or bullish engulfing candlestick).
STOPLOSS
Set below the recent swing low ($2910).
TAKE PROFIT
- Take Profit 1: $2940 (resistance level)
- Take Profit 2: $2950 (higher timeframe resistance or order block level)
INVALIDATION
If price breaks structure, forms a strong bearish candle, or fails to hold support, the trade idea is invalidated.
Remember to wait for confirmations and avoid impulsive trades
TREND
Bullish trend on both 1-hour and 5-minute charts, with higher highs and higher lows.
MARKET STRUCTURE
Bullish market structure on both timeframes, with key structural breaks upward.
LIQUIDITY ZONES
Significant liquidity zones around resistance areas, potential entry points for long positions.
PRICE ACTION
Bullish candlestick formations, trend lines, and support levels indicate upward momentum.
TRADE SETUP
ENTRY
Wait for sell-side liquidity to be swept near $2920, then look for bullish confirmation (e.g., rejection candle or bullish engulfing candlestick).
STOPLOSS
Set below the recent swing low ($2910).
TAKE PROFIT
- Take Profit 1: $2940 (resistance level)
- Take Profit 2: $2950 (higher timeframe resistance or order block level)
INVALIDATION
If price breaks structure, forms a strong bearish candle, or fails to hold support, the trade idea is invalidated.
Remember to wait for confirmations and avoid impulsive trades
Order cancelled
Left without us. It did not reach buying zone.
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.