✅ Key Observations:
Timeframe: 1 Hour
Signal: Bullish Divergence on RSI
Trend Context: Likely in a pullback or accumulation phase within a higher timeframe structure
🔍 Technical Confluences:
RSI Divergence: Price made a lower low while RSI made a higher low – classic bullish divergence
Potential Support Zone: Price likely bouncing from a demand zone
Volume (if visible): Look for declining sell volume or spike in buy volume
📈 Trade Plan – LONG Position
Entry:
On confirmation candle (first strong bullish candle after divergence)
OR break of minor resistance/trendline above divergence pattern
Stop-Loss:
Below the recent swing low (beneath divergence point)
Take-Profit Targets:
TP1: Previous high / structure resistance
TP2: Extension of the move, possibly around 1.27 or 1.618 Fibonacci extension from the swing low
Risk-Reward Ratio: Minimum 1:2
⚠️ Risk Notes:
If price fails to break structure or gets rejected at a minor resistance – re-evaluate
Best to enter when divergence aligns with a support zone or trendline
Timeframe: 1 Hour
Signal: Bullish Divergence on RSI
Trend Context: Likely in a pullback or accumulation phase within a higher timeframe structure
🔍 Technical Confluences:
RSI Divergence: Price made a lower low while RSI made a higher low – classic bullish divergence
Potential Support Zone: Price likely bouncing from a demand zone
Volume (if visible): Look for declining sell volume or spike in buy volume
📈 Trade Plan – LONG Position
Entry:
On confirmation candle (first strong bullish candle after divergence)
OR break of minor resistance/trendline above divergence pattern
Stop-Loss:
Below the recent swing low (beneath divergence point)
Take-Profit Targets:
TP1: Previous high / structure resistance
TP2: Extension of the move, possibly around 1.27 or 1.618 Fibonacci extension from the swing low
Risk-Reward Ratio: Minimum 1:2
⚠️ Risk Notes:
If price fails to break structure or gets rejected at a minor resistance – re-evaluate
Best to enter when divergence aligns with a support zone or trendline
Trade active
TP 1 Hit
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.