Buy Position Setup (Breakout Upside)
Buy Stop Entry: 3,405
Stop Loss: 3,365
Take Profit (TP1): 3,451
Rationale:
Price is consolidating in a symmetrical triangle (highlighted in purple).
A breakout above 3,405 will signal bullish momentum continuation.
RSI supports potential bullish divergence, shown by rising momentum.
🔸 Sell Position Setup (Breakdown Downside)
Sell Stop Entry: 3,365
Stop Loss: 3,405
Take Profit (TP1): 3,331
Rationale:
If price breaks below the lower boundary of the consolidation zone, bearish continuation is expected.
Downside breakout confirmation with RSI showing prior bearish divergence.
💡 Strategy:
This is a two-way trade plan based on a breakout from consolidation. Enter the direction in which price breaks—up or down—using stop orders with tight SLs for controlled risk.
Buy Stop Entry: 3,405
Stop Loss: 3,365
Take Profit (TP1): 3,451
Rationale:
Price is consolidating in a symmetrical triangle (highlighted in purple).
A breakout above 3,405 will signal bullish momentum continuation.
RSI supports potential bullish divergence, shown by rising momentum.
🔸 Sell Position Setup (Breakdown Downside)
Sell Stop Entry: 3,365
Stop Loss: 3,405
Take Profit (TP1): 3,331
Rationale:
If price breaks below the lower boundary of the consolidation zone, bearish continuation is expected.
Downside breakout confirmation with RSI showing prior bearish divergence.
💡 Strategy:
This is a two-way trade plan based on a breakout from consolidation. Enter the direction in which price breaks—up or down—using stop orders with tight SLs for controlled risk.
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.