We see ascending price action structures on the chart. After bullish CH, it has continuously created HH and HL and has continuously broken the minor dynamic resistances.
We have had three resistance order blocks, all of which have been mitigated. In my opinion, the place marked with two red lines and marked "strong ob" is where we should look for sell/short positions.
Ispecified the invalidation level that closing a 4-hour candle above this level will violate the analysis. For risk management, please don't forget stop loss and capital management When we reach the first target, save some profit and then change the stop to entry Comment if you have any questions Thank You
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After hitting the green box, it rose about 19%
Trade closed: target reached
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This SFP analysis was finally done. By hitting the green box, it went up to the specified supply range and then it was rejected
That's a solid analysis of the ascending price action.And good call on setting the invalidation level based on a 4-hour candle close. Risk management with stop loss and capital management is crucial. Smart move to lock in some profit at the first target and shift the stop to entry. Any thoughts on potential challenges to this setup?
KinaStar
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I like it, thanks!
P_S_trade
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Thanks for sharing your vision, very informative idea
Investing_Trading
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Great Thinking!
SwallowPremium
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Excellent strategy, you did good work. Keep going!