Hello awesome traders! 👋
Hope you’ve managed to grab some solid pips from the markets this week. As we head into the weekend, I’m wrapping things up by dropping a few clean chart setups for you to review and reflect on.
Enjoy the weekend, recharge well — and I’ll see you sharp and ready next week for more structure-led opportunities.
📌 Pattern Breakdown
This one's a 1-2-1 Bullish Formation — clear, clean, and already reacting:
🔹 XA: 0.87902 → 0.89824
🔹 AB retracement → 0.88660
🔹 BC extension: 0.88660 → 0.90222
🔹 CD drops into the PCZ at 0.88760 — aligning with 78.6% retracement
We’ve now seen a clear bullish reaction off the PCZ, confirming it as a valid demand zone.
🎯 Targets Now in Play
With structure holding and price climbing from the PCZ:
✅ Target 1:
• 78.6% = 0.89988
• 100% = 0.90322
🔄 Target 2 (Extension):
• 78.6% = 0.90584
• 100% = 0.91080
We’ll keep managing toward Target 1, then reassess momentum and candle structure for continuation into Target 2 next week.
🧠 Key Concepts in Play
✅ 121 Bullish pattern
✅ Reaction at fib-based PCZ
✅ Controlled impulse off demand zone
✅ Target structure mapped + invalidation clearly below PCZ
🗝 Final Thoughts
Textbook measured move off the 1-2-1 setup, with price now rotating higher from structure.
This is what we look for every week — precision, confirmation, and opportunity.
Let’s protect gains, lock partials near Target 1, and come back Monday with a clear head.
“Structure gives you the zone — reaction gives you the trade.”
Hope you’ve managed to grab some solid pips from the markets this week. As we head into the weekend, I’m wrapping things up by dropping a few clean chart setups for you to review and reflect on.
Enjoy the weekend, recharge well — and I’ll see you sharp and ready next week for more structure-led opportunities.
📌 Pattern Breakdown
This one's a 1-2-1 Bullish Formation — clear, clean, and already reacting:
🔹 XA: 0.87902 → 0.89824
🔹 AB retracement → 0.88660
🔹 BC extension: 0.88660 → 0.90222
🔹 CD drops into the PCZ at 0.88760 — aligning with 78.6% retracement
We’ve now seen a clear bullish reaction off the PCZ, confirming it as a valid demand zone.
🎯 Targets Now in Play
With structure holding and price climbing from the PCZ:
✅ Target 1:
• 78.6% = 0.89988
• 100% = 0.90322
🔄 Target 2 (Extension):
• 78.6% = 0.90584
• 100% = 0.91080
We’ll keep managing toward Target 1, then reassess momentum and candle structure for continuation into Target 2 next week.
🧠 Key Concepts in Play
✅ 121 Bullish pattern
✅ Reaction at fib-based PCZ
✅ Controlled impulse off demand zone
✅ Target structure mapped + invalidation clearly below PCZ
🗝 Final Thoughts
Textbook measured move off the 1-2-1 setup, with price now rotating higher from structure.
This is what we look for every week — precision, confirmation, and opportunity.
Let’s protect gains, lock partials near Target 1, and come back Monday with a clear head.
“Structure gives you the zone — reaction gives you the trade.”
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.