Entry Setups (1H Confirmation for Precision)
Focus on price-action triggers at key levels. Use 1H for entries, 4H for context. All based on structure—no indicators.
Setup 1: Bullish – Buy the Support Bounce (Preferred, High Probability)
Rationale: Aligns with overall bull trend; 47,346.8 has held multiple times on 4H.
Entry Trigger: 1H bullish reversal candle (e.g., hammer or engulfing) at 47,346.8 (±20 points).
Entry Price: 47,350–47,370 (market or limit).
Stop Loss: 47,280 (below level + buffer; risk ~70 points).
Take Profits:
TP1: 47,523.2 (current 1H close) → +173 points.
TP2: 47,624.7 (prior 4H close) → +274 points.
TP3: 48,000 → +650 points.
Risk:Reward: 1:2.5–1:9.
Confluence: Strong volume on bounce; no 1H close below level.
Invalidation: 1H close <47,346.8 → switch to bearish setup.
Setup 2: Bearish – Short the Breakdown (If Triggered)
Rationale: Confirms short-term weakness if 1H/4H breaks support.
Entry Trigger: 1H close below 47,346.8, followed by retest from below (now resistance).
Entry Price: 47,330–47,340 (on retest rejection).
Stop Loss: 47,420 (above retest high; risk ~80 points).
Take Profits:
TP1: 47,000 → +340 points.
TP2: 46,987.3 → +353 points.
TP3: 46,527.3 → +813 points.
Risk:Reward: 1:4+.
Confluence: Increasing volume on drop; bearish 1H candles (e.g., marubozu).
Invalidation: Price reclaims >47,420 with bullish close → exit and flip long.
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Focus on price-action triggers at key levels. Use 1H for entries, 4H for context. All based on structure—no indicators.
Setup 1: Bullish – Buy the Support Bounce (Preferred, High Probability)
Rationale: Aligns with overall bull trend; 47,346.8 has held multiple times on 4H.
Entry Trigger: 1H bullish reversal candle (e.g., hammer or engulfing) at 47,346.8 (±20 points).
Entry Price: 47,350–47,370 (market or limit).
Stop Loss: 47,280 (below level + buffer; risk ~70 points).
Take Profits:
TP1: 47,523.2 (current 1H close) → +173 points.
TP2: 47,624.7 (prior 4H close) → +274 points.
TP3: 48,000 → +650 points.
Risk:Reward: 1:2.5–1:9.
Confluence: Strong volume on bounce; no 1H close below level.
Invalidation: 1H close <47,346.8 → switch to bearish setup.
Setup 2: Bearish – Short the Breakdown (If Triggered)
Rationale: Confirms short-term weakness if 1H/4H breaks support.
Entry Trigger: 1H close below 47,346.8, followed by retest from below (now resistance).
Entry Price: 47,330–47,340 (on retest rejection).
Stop Loss: 47,420 (above retest high; risk ~80 points).
Take Profits:
TP1: 47,000 → +340 points.
TP2: 46,987.3 → +353 points.
TP3: 46,527.3 → +813 points.
Risk:Reward: 1:4+.
Confluence: Increasing volume on drop; bearish 1H candles (e.g., marubozu).
Invalidation: Price reclaims >47,420 with bullish close → exit and flip long.
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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.