Strong impulsive rebound from local lows, and now price is pulling back into a potential re-entry zone.
Under my ALMA Averaging framework, this is a buy-the-dip continuation idea, not a chase at highs.
Trade Plan
Confluence Factors
ALMA Averaging context shows active long-side recovery after an extended downside leg.
EMA structure is in bounce/transition mode: lower TFs are turning up first, supporting continuation potential.
Liquidity sits above current price and recent highs, giving room for upside rotation.
SMC map shows price reacting from demand and reclaiming key internal levels after the sweep.
Market structure remains constructive while price holds above the 8.77 invalidation area.
Execution Note
No FOMO entry. Best execution is on pullback/retest into the entry zone with risk strictly capped at the stop.
Under my ALMA Averaging framework, this is a buy-the-dip continuation idea, not a chase at highs.
Trade Plan
- Entry zone: 9.00 – 9.10
- Stop-loss: 8.77 (structure invalidation)
- TP1: 9.42
- TP2: 9.95
- R:R: ~1:1.2 to TP1, ~1:2.8 to TP2
Confluence Factors
ALMA Averaging context shows active long-side recovery after an extended downside leg.
EMA structure is in bounce/transition mode: lower TFs are turning up first, supporting continuation potential.
Liquidity sits above current price and recent highs, giving room for upside rotation.
SMC map shows price reacting from demand and reclaiming key internal levels after the sweep.
Market structure remains constructive while price holds above the 8.77 invalidation area.
Execution Note
No FOMO entry. Best execution is on pullback/retest into the entry zone with risk strictly capped at the stop.
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.