After a clean breakout and candle close above the descending trendline on the 30-minute timeframe, I’ve entered a long trade. Price action confirmed strength with multiple bullish candles consolidating above the previous structure and the broken trendline, supporting continuation to the upside.
🔹 Entry: 3,307.185 (Post-breakout consolidation confirmation)
🔹 Stop Loss: 3,292.815 (Below recent structure support)
🔹 Risk Management Level: 3,298.975 (SL to BE once TP1 hits)
Target Levels:
• TP1: 3,328.370 – SL moved to breakeven here
• TP2 (Full TP): 3,345.470
Trade Rationale:
• Breakout above descending trendline with a strong 30m candle close confirms bullish momentum.
• Price is now holding above the previous range highs, suggesting a shift in short-term market structure.
• SL is placed below recent lows to account for healthy pullbacks without risking the setup.
• Targets align with historical intraday supply zones and structural reaction areas.
🔹 Entry: 3,307.185 (Post-breakout consolidation confirmation)
🔹 Stop Loss: 3,292.815 (Below recent structure support)
🔹 Risk Management Level: 3,298.975 (SL to BE once TP1 hits)
Target Levels:
• TP1: 3,328.370 – SL moved to breakeven here
• TP2 (Full TP): 3,345.470
Trade Rationale:
• Breakout above descending trendline with a strong 30m candle close confirms bullish momentum.
• Price is now holding above the previous range highs, suggesting a shift in short-term market structure.
• SL is placed below recent lows to account for healthy pullbacks without risking the setup.
• Targets align with historical intraday supply zones and structural reaction areas.
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.