🎯 Trade Ideas Based on Structure
1. Long Reversal Play (Buy)
📍 Entry: If price retests the support zone around 3,356–3,366 and shows bullish confirmation (e.g. bullish engulfing, pin bar)
🎯 Target: 3,390–3,402 (resistance zone)
🛡️ Stop Loss: Just below 3,355
💡 Why? Buying into support with confirmation aligns with the projected rebound idea
2. Sell into Resistance
📍 Entry: If price rallies to 3,390–3,402 and stalls with weak candles or bearish divergence
🎯 Target: Back to support zone (~3,366 or lower)
🛡️ Stop Loss: Above 3,405
💡 Why? Fading into resistance follows the broader trend while using the shaded zone for timing
3. Breakout Trade (Buy)
📍 Trigger: If price breaks cleanly above 3,402 and closes with strong momentum
🎯 Target: Look toward next resistance (~3,410+)
🛡️ Stop Loss: Below breakout candle (~3,390)
💡 Why? Signals a trend shift or strong bullish move against the recent downtrend
🧠 Smart Trading Tips
Let the candles lead the decision—watch for confirmation before jumping in
Stick to the higher probability zones and avoid overtrading in the middle
Use volume or RSI to filter false breakouts or weak entries
1. Long Reversal Play (Buy)
📍 Entry: If price retests the support zone around 3,356–3,366 and shows bullish confirmation (e.g. bullish engulfing, pin bar)
🎯 Target: 3,390–3,402 (resistance zone)
🛡️ Stop Loss: Just below 3,355
💡 Why? Buying into support with confirmation aligns with the projected rebound idea
2. Sell into Resistance
📍 Entry: If price rallies to 3,390–3,402 and stalls with weak candles or bearish divergence
🎯 Target: Back to support zone (~3,366 or lower)
🛡️ Stop Loss: Above 3,405
💡 Why? Fading into resistance follows the broader trend while using the shaded zone for timing
3. Breakout Trade (Buy)
📍 Trigger: If price breaks cleanly above 3,402 and closes with strong momentum
🎯 Target: Look toward next resistance (~3,410+)
🛡️ Stop Loss: Below breakout candle (~3,390)
💡 Why? Signals a trend shift or strong bullish move against the recent downtrend
🧠 Smart Trading Tips
Let the candles lead the decision—watch for confirmation before jumping in
Stick to the higher probability zones and avoid overtrading in the middle
Use volume or RSI to filter false breakouts or weak entries
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.