1️⃣ Multi-Timeframe Structure
• 1 Hour (Macro):
• Trend: Bullish. 20 SMA is riding above the 50 SMA .
• Price has broken above the prior resistance at 3374.50 and is now retesting it as support.
• 15 Minute (Tactical):
• After a clear push down into 3340.37, price rallied back above 3374.50.
• SMAs have flipped back bullish, and volume during the retest shows absorption of selling pressure.
• 3 Minute (Entry Precision):
• Micro-green candle wicks show a small scratch of buyers stepping in just above 3374.50.
• Momentum is picking up to the upside, but we want confirmation of strength before committing.
⸻
2️⃣ Trade Execution
▶️ Entry: Buy Stop at 3379.50
• Wait for a clean 3 m/15 m push above the short-term swing high (~3379) to confirm buyers are in control.
✂️ Stop Loss: 3374.50
• Just below the broken resistance-turned-support level.
• True structural invalidation of this bullish thesis.
🎯 Take Profit: 3394.50
• Targets the next logical resistance cluster (round number area and prior swing highs) for ~15 pt gain.
Risk-Reward ≈ 1:3 (SL = 5 pts, TP = 15 pts)
⸻
3️⃣ Invalidation & Expiry
❌ Cancel the pending Buy Stop at 3379.50 if either:
1. A full 15 m candle closes below 3374.50 before entry.
2. It’s not triggered by 8:30 AM PST.
• 1 Hour (Macro):
• Trend: Bullish. 20 SMA is riding above the 50 SMA .
• Price has broken above the prior resistance at 3374.50 and is now retesting it as support.
• 15 Minute (Tactical):
• After a clear push down into 3340.37, price rallied back above 3374.50.
• SMAs have flipped back bullish, and volume during the retest shows absorption of selling pressure.
• 3 Minute (Entry Precision):
• Micro-green candle wicks show a small scratch of buyers stepping in just above 3374.50.
• Momentum is picking up to the upside, but we want confirmation of strength before committing.
⸻
2️⃣ Trade Execution
▶️ Entry: Buy Stop at 3379.50
• Wait for a clean 3 m/15 m push above the short-term swing high (~3379) to confirm buyers are in control.
✂️ Stop Loss: 3374.50
• Just below the broken resistance-turned-support level.
• True structural invalidation of this bullish thesis.
🎯 Take Profit: 3394.50
• Targets the next logical resistance cluster (round number area and prior swing highs) for ~15 pt gain.
Risk-Reward ≈ 1:3 (SL = 5 pts, TP = 15 pts)
⸻
3️⃣ Invalidation & Expiry
❌ Cancel the pending Buy Stop at 3379.50 if either:
1. A full 15 m candle closes below 3374.50 before entry.
2. It’s not triggered by 8:30 AM PST.
Trade closed: stop reached
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.