Buy Plan – Gulf Insurance Group (8250)

122
📈 Buy Plan – Gulf Insurance Group (8250)

Bias: Bullish
Timeframe: Weekly
Context: Price reacting from HTF Bullish FVG + Breaker Block

✅ Entry Confirmation – Valid Bullish Dealing Range:
Attacking HTF POI
 ↳ Price tapped into HTF Bullish Fair Value Gap near 2024 Low.

Bearish FVG Formed
 ↳ Trap for sellers before reversal.

Bullish FVG Created
 ↳ Strong bullish impulse confirmed intent.

Closed Above Red Candle Series
 ↳ Bullish candle closed above multiple bearish candles.

Breaker Block Confirmed
 ↳ Former resistance now acting as support zone.

🎯 Target:
2024 High at 41.54

~60% potential upside from current price.

🛑 Stop Loss:
Below breaker block: around 23.30

🟩 Risk-Reward:
Reward: ~15.70 points

Risk: ~2.64 points

R:R ≈ 6:1

📌 Plan is active as long as breaker support holds. Monitor for any bearish invalidation signs.

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.