Buy Trade Aisha Steel Mills Ltd (PSX)Buy Trade Plan
Focus: Identifying a long opportunity following a structural shift in the market.
The Setup: Structural Bullish Reversal
The market has executed a Market Structure Shift (MSS), indicating that the prevailing downtrend is likely over and the institutional bias has flipped to bullish. Price is now undergoing a deep retracement back toward key demand zones (discount prices) established by this structural change.
Entry Strategy (Wait for Demand)
The trade plan focuses on initiating a long position within the zones of highest institutional demand:
Primary Buy Zone: Wait for the price to drop into the Fair Value Gap (FVG). This zone is strategically located where the prior 2024 Low Liquidity was swept, making it a high-probability area for smart money to step in and push the price higher.
Secondary Buy Zone (Deep Discount): If the FVG zone does not hold, the ultimate demand level is the large Order Block (+OB) below it. This represents the origin of the major upward move that caused the MSS and is the key level for the bullish structure to remain intact.
Risk Management (Invalidation)
Stop-Loss: The stop-loss must be placed safely below the lowest wick/point of the Order Block (+OB). A break below this level signifies an invalidation of the entire bullish Market Structure Shift and suggests the resumption of the original downtrend.
Profit Targets (Liquidity Objectives)
The goal is to capture liquidity resting at major prior resistance levels:
Initial Target: Target the first major area of resistance, labeled as the 1st Target.
Final Target: The ultimate objective is to target the 2024 High, aiming to capture the entire expected swing move and clear the liquidity resting above that peak.
