SALAM-DFM-1H , Pullback from demand zone + Trend Breakout
SALAM has been riding a solid bullish channel since early 2023, printing higher highs and higher lows. Recently, price saw a clean pullback to a prior demand zone around 2.04 – 2.12 after breaking out from the upward channel. We are now seeing potential reactive buying from this zone. The last swing high around 2.84 sets the benchmark for potential re-test.
Trend: Medium-term bullish.
Current structure: Pullback in bullish trend.
Demand Zone: 2.04–2.12
Trendlines: Green support from early 2023 remains respected broken .
Short term down trend by 1H candle closed above the line.
🎯 Trade Plan:
Entry: 2.12
Stop Loss: 2.04 (below demand zone)
Take Profits:
TP1: 2.24 (1:1)
TP2: 2.34
TP3: 2.41
TP4: 2.50
TP5: 2.64
TP6: 2.74
TP7: 2.84 (7:1 RR)
Risk/Reward: Up to 7:1 RR
Max NGM:RISK : 1–3% of capital only
Trade Management:
Move SL to breakeven at 2.24 (Add Alarm)
Scale out 30% at TP2, 30% at TP4, ride the rest to TP7
“Trade what you see, not what you think.” – Mark Minervini
⚠️ Disclaimer:
This analysis is for educational purposes only. Always conduct your own due diligence and consult your financial advisor before entering any trade.
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