Hypothesis: Long if price closes above 84,500.
Entry Criteria:
Entry Price: Above 84,500 (15m close).
Confirmation: Increase in volume on break.
Stop-Loss: 84,000 (below nearest support level).
Take-Profit: 85,300 (next resistance level).
Position Sizing: Risk 1-2% of capital.
Execution Steps:
Post-Trade:
Adjust stop-loss to break-even if favorable.
Exit at take-profit or if a reversal signal occurs.
Entry Criteria:
Entry Price: Above 84,500 (15m close).
Confirmation: Increase in volume on break.
Stop-Loss: 84,000 (below nearest support level).
Take-Profit: 85,300 (next resistance level).
Position Sizing: Risk 1-2% of capital.
Execution Steps:
- Set alerts for 84,500.
- Monitor volume for spikes during the breakout.
- Execute long position on confirmation of breakout above 84,500.
Post-Trade:
Adjust stop-loss to break-even if favorable.
Exit at take-profit or if a reversal signal occurs.
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.