📊 Market Structure & Price Action Analysis:
Key Support Zone: $2,903 - $2,906 (buy zone)
Key Resistance Target: $2,921 - $2,927
Liquidity Grab: Possible fakeouts below $2,903 before a bounce.
Trend Bias: Short-term bullish momentum, expecting a bounce off support.
📈 Intraday Scalping Trade Setup:
✅ Buy Entry: $2,903 - $2,906 (Look for price reaction confirmation)
🎯 Take Profit (TP1): $2,915
🎯 Take Profit (TP2): $2,921 - $2,924 (Partial close & trail stop)
🛑 Stop Loss (SL): Below $2,898 (Tight SL for quick exit)
⚖ Risk-Reward Ratio: 1:2 to 1:3
🕵 Scalping Confirmation Checklist:
✅ Bullish Rejection Wicks at $2,903 - $2,906
✅ Increased Volume on the bounce
✅ Break & Retest of minor intraday resistance
✅ Monitor Order Flow for buy-side momentum
⚠ Risk Management:
Exit Quickly if price fails to hold above $2,903
Move SL to Breakeven once TP1 is hit
Avoid Chasing Entries if price already starts moving up
📌 Scalping Tip: Use smaller lot sizes with quick execution to secure profits efficiently.
Follow, like and share.
Key Support Zone: $2,903 - $2,906 (buy zone)
Key Resistance Target: $2,921 - $2,927
Liquidity Grab: Possible fakeouts below $2,903 before a bounce.
Trend Bias: Short-term bullish momentum, expecting a bounce off support.
📈 Intraday Scalping Trade Setup:
✅ Buy Entry: $2,903 - $2,906 (Look for price reaction confirmation)
🎯 Take Profit (TP1): $2,915
🎯 Take Profit (TP2): $2,921 - $2,924 (Partial close & trail stop)
🛑 Stop Loss (SL): Below $2,898 (Tight SL for quick exit)
⚖ Risk-Reward Ratio: 1:2 to 1:3
🕵 Scalping Confirmation Checklist:
✅ Bullish Rejection Wicks at $2,903 - $2,906
✅ Increased Volume on the bounce
✅ Break & Retest of minor intraday resistance
✅ Monitor Order Flow for buy-side momentum
⚠ Risk Management:
Exit Quickly if price fails to hold above $2,903
Move SL to Breakeven once TP1 is hit
Avoid Chasing Entries if price already starts moving up
📌 Scalping Tip: Use smaller lot sizes with quick execution to secure profits efficiently.
Follow, like and share.
Trade closed: target reached
You can't miss an entry by the the barest of margin of 10 pips.This setup, if taken from 2907 running for 200+ pips. As said, partial close and trail with SL.
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✅Free Telegram
t.me/+6YQX9c4-BiQ2M2M8
Twitter 👇
twitter.com/QuinnGoldTrader
t.me/+6YQX9c4-BiQ2M2M8
Twitter 👇
twitter.com/QuinnGoldTrader
Related publications
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.