1Hr TF overview
Pair: UNIUSDT
Buyside Trade Setup
Entry: 11.384
Profit Level: 12.037 (+5.74%)
Stop Level: 11.288 (-0.84%)
Risk-Reward Ratio (RR): 6.8
Thought Process:
This buyside trade idea is based on supply and demand dynamics and observed price action in the 30-minute timeframe (30M TF).
Assessing the overall swing structure while monitoring the fractal structure for directional bias.
PD array considerations include premium and discount influences, further guiding trade execution within the framework of market efficiency.
A recent unsuccessful sell-side trade provided additional confluence for the buy-side setup, reinforcing the presence of a respected demand zone.
The ultimate target is swing high (TP3).
Trade closed: stop reached
Failed to capitalise TP2...right idea
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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.