Key Analysis:
Pattern: Potential Bullish Shark pattern.
Order Block (OB): Key support zone on the 1-hour chart.
Fair Value Gap (FVG): Additional support just above the order block.
Trade Setup:
Entry: Look to buy around the order block, which aligns with the 0.886 XA retracement level.
Stop Loss: Place below the order block for risk management.
Take Profit: Target key resistance levels or previous high points.
Confirmation:
Wait for bullish candlestick patterns or volume spikes at the order block.
Pattern: Potential Bullish Shark pattern.
Order Block (OB): Key support zone on the 1-hour chart.
Fair Value Gap (FVG): Additional support just above the order block.
Trade Setup:
Entry: Look to buy around the order block, which aligns with the 0.886 XA retracement level.
Stop Loss: Place below the order block for risk management.
Take Profit: Target key resistance levels or previous high points.
Confirmation:
Wait for bullish candlestick patterns or volume spikes at the order block.
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.