Market Condition: Sideways / Ranging
Bias: Bullish (Breakout Anticipation)
Strategy: Pending Buy Stop Order
Trade Plan:
I’m placing a Buy Stop above the consolidation zone to catch the breakout if price accelerates upward.
This strategy allows me to avoid false breakouts and only enter if momentum confirms direction.
Split Positioning ensures that I can lock in profits early with TP1 while letting the second trade run to TP2 if the trend strengthens.
Summary:
I’m patiently waiting for confirmation. If price breaks above the current sideways range, I’ll be in the trade with a defined risk/reward setup. Until then, I stay on the sidelines and let the market come to me — no chasing, just clean execution.
🛑 As always, manage your risk and monitor any major economic news that could trigger volatility.
Bias: Bullish (Breakout Anticipation)
Strategy: Pending Buy Stop Order
Trade Plan:
I’m placing a Buy Stop above the consolidation zone to catch the breakout if price accelerates upward.
This strategy allows me to avoid false breakouts and only enter if momentum confirms direction.
Split Positioning ensures that I can lock in profits early with TP1 while letting the second trade run to TP2 if the trend strengthens.
Summary:
I’m patiently waiting for confirmation. If price breaks above the current sideways range, I’ll be in the trade with a defined risk/reward setup. Until then, I stay on the sidelines and let the market come to me — no chasing, just clean execution.
🛑 As always, manage your risk and monitor any major economic news that could trigger volatility.
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.