The Plan:
Breakout: The price needs to close a 1-hour candle strongly above the Red Box (above ~134.50) to confirm that buyers have absorbed the selling pressure.
Retest (Flip): Ideally, price pulls back slightly to turn the previous resistance (Red Box) into support.
Expansion: Price continues upward toward the next liquidity targets.
The chart shows a potential bullish reversal, but it is currently at a decision point.
Aggressive Entry: Entering now anticipates the breakout but carries the risk of rejection at the Red Box.
Conservative Entry: Waiting for the candle close above 134.50 (as per the white arrow projection) offers higher confirmation but a slightly worse entry price.
The "HHTF Sweep Zone" provides a strong floor, giving this setup a defined risk-to-reward ratio if the breakout occurs.
Breakout: The price needs to close a 1-hour candle strongly above the Red Box (above ~134.50) to confirm that buyers have absorbed the selling pressure.
Retest (Flip): Ideally, price pulls back slightly to turn the previous resistance (Red Box) into support.
Expansion: Price continues upward toward the next liquidity targets.
The chart shows a potential bullish reversal, but it is currently at a decision point.
Aggressive Entry: Entering now anticipates the breakout but carries the risk of rejection at the Red Box.
Conservative Entry: Waiting for the candle close above 134.50 (as per the white arrow projection) offers higher confirmation but a slightly worse entry price.
The "HHTF Sweep Zone" provides a strong floor, giving this setup a defined risk-to-reward ratio if the breakout occurs.
Note
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Telegram - t.me/Tuffycallsofficial
Instagram - instagram.com/tuffycallsofficial
x - x.com/TuffyCalls
YouTube - youtube.com/@tuffycall
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.
We have the best signal service and indicators
Telegram - t.me/Tuffycallsofficial
Instagram - instagram.com/tuffycallsofficial
x - x.com/TuffyCalls
YouTube - youtube.com/@tuffycall
Telegram - t.me/Tuffycallsofficial
Instagram - instagram.com/tuffycallsofficial
x - x.com/TuffyCalls
YouTube - youtube.com/@tuffycall
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.
