Trade Idea: ALSAIF STORES (TADAWUL: 4161)📈 Trade Idea: ALSAIF STORES (TADAWUL: 4161)
Timeframe: Daily (1D)
Current Price: 7.96 SAR
Setup Type: Breakout & Retest
🔍 Trade Narrative:
Price has broken above a recent consolidation zone (marked in light blue).
Strong bullish momentum is visible after reclaiming the key level of 7.80.
Market structure shows higher lows and a push towards previous liquidity zones.
🎯 Trade Plan:
Entry Zone: 7.80 – 7.90 (retest area)
Target 1 (T1): 8.35 (Previous High / Liquidity Grab)
Target 2 (T2): 8.44 (Final Target with Heart Marker 💗)
Stop Loss: Below 7.70 (below recent structure)
📊 Risk-to-Reward:
Approx. Risk: 0.20
Reward: 0.44 – 0.64
R:R Ratio: ~2.2 to 3.2
🔧 Confluence:
Daily structure shift confirmed
Liquidity resting above 8.35
Volume spike during breakout
Potential bullish continuation if price retests successfully
