TLG is shaping up for a potential swing opportunity as price continues to respect a well-defined range and now presses against the upper boundary of the supply structure.
We’ve seen a clean base form, and while the entry here is slightly late, the risk-to-reward remains attractive given the structure and context.
Trade Scenario 1 – Aggressive Entry
Entry: Current price (breakout anticipation)
Stop Loss: Below the LPS (Last Point of Support)
Target: Minimal range projection aligning with the LVN and a key lower high
This setup leans into early momentum and offers a solid R if the breakout confirms.
Trade Scenario 2 – Confirmation Pullback
Entry: On a breakout and retest of the range highs
Stop Loss: Below the structure formed on the retest
Target: 1.140+ zone, aligning with prior supply and structural targets
This is the more conservative play waiting for confirmation and structure to form before committing. Ideal for those who prefer to trade the BU (Back Up) phase after the range is validated. Both scenarios offer clean structure and defined risk. Watching for volume confirmation and follow-through above the range.
We’ve seen a clean base form, and while the entry here is slightly late, the risk-to-reward remains attractive given the structure and context.
Trade Scenario 1 – Aggressive Entry
Entry: Current price (breakout anticipation)
Stop Loss: Below the LPS (Last Point of Support)
Target: Minimal range projection aligning with the LVN and a key lower high
This setup leans into early momentum and offers a solid R if the breakout confirms.
Trade Scenario 2 – Confirmation Pullback
Entry: On a breakout and retest of the range highs
Stop Loss: Below the structure formed on the retest
Target: 1.140+ zone, aligning with prior supply and structural targets
This is the more conservative play waiting for confirmation and structure to form before committing. Ideal for those who prefer to trade the BU (Back Up) phase after the range is validated. Both scenarios offer clean structure and defined risk. Watching for volume confirmation and follow-through above the range.
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.