Gulf Insurance Group - Tadawul (Weekly Timeframe):
39
Trade Idea: Demand Zone Reversal Play Market Structure: Price has broken the ascending trendline and entered a bearish order block (marked in red). A short-term bearish move is expected. Expected Move: Price may drop toward the Demand Zone (21.70–23.28) before a potential bullish reversal. Key Levels: 📉 Support (Demand Zone): 21.70–23.28 📈 Potential Upside Target: 27.00 (first target), continuation possible if momentum builds Narrative: After the breakdown from the Order Block and trendline, price is likely to test the strong demand zone. If the price respects the demand zone, a bullish reversal is anticipated, with the first target around 27.00. This setup can offer a great buying opportunity with a favorable risk-reward ratio. 💡 Trade Plan Summary: Wait for bullish price action (confirmation candle) near demand zone Enter Buy near 23.00–22.00 Target: 27.00+ Stop Loss: Below 21.50 (below demand zone invalidation)
I am an SMC & ICT Master, specializing in Market Structure, Liquidity, and Order Flow. With a razor-sharp focus on precision trading, I navigate the markets with strategy and discipline—turning probabilities into profitability!
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.
I am an SMC & ICT Master, specializing in Market Structure, Liquidity, and Order Flow. With a razor-sharp focus on precision trading, I navigate the markets with strategy and discipline—turning probabilities into profitability!
Also on:
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.