On the daily timeframe, the market shows a clear bullish structure, characterized by a consistent sequence of higher highs and higher lows, confirming that bullish momentum remains dominant. The overall price action reflects strong buying pressure and structural integrity, suggesting a continuation of the upward trend.
After identifying this directional bias, I scaled down to the 2-hour timeframe (H2) to look for a precise entry confirmation aligned with the main bullish structure. On this lower timeframe, a clear confirmation setup appeared — including a minor structure break, mitigation of the last point of interest, and signs of bullish volume entering the market. These confluences validated the continuation of the move in favor of the higher-timeframe trend.
The trade was planned with a 1:3 risk-to-reward ratio, ensuring efficient risk management while maximizing potential profit if the bullish impulse continues. The Take Profit (TP) was set at the projected extension of the impulsive leg, while the Stop Loss (SL) was placed just below the last relevant swing low to maintain structural consistency and protect the position.
In summary, this trade idea combines a higher-timeframe bullish structure, a lower-timeframe confirmation entry, and solid risk management, aiming to capitalize on the continuation of institutional order flow in the bullish direction.
After identifying this directional bias, I scaled down to the 2-hour timeframe (H2) to look for a precise entry confirmation aligned with the main bullish structure. On this lower timeframe, a clear confirmation setup appeared — including a minor structure break, mitigation of the last point of interest, and signs of bullish volume entering the market. These confluences validated the continuation of the move in favor of the higher-timeframe trend.
The trade was planned with a 1:3 risk-to-reward ratio, ensuring efficient risk management while maximizing potential profit if the bullish impulse continues. The Take Profit (TP) was set at the projected extension of the impulsive leg, while the Stop Loss (SL) was placed just below the last relevant swing low to maintain structural consistency and protect the position.
In summary, this trade idea combines a higher-timeframe bullish structure, a lower-timeframe confirmation entry, and solid risk management, aiming to capitalize on the continuation of institutional order flow in the bullish direction.
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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.