Buy Idea: FAUJI FERTILIZER CO LTD (PSX)🔷 Buy Idea: FAUJI FERTILIZER CO LTD (PSX)
Context:
Price tapped into a discount zone, swept liquidity below the recent lows, and formed a strong bullish engulfing candle. The setup aligns with a low resistance liquidity run toward the higher timeframe distribution zone.
✅ Entry Criteria:
Entry: Above the bullish candle close at ~366
Stop Loss: Below the recent swing low at ~323
Target: Monthly resistance / low resistance area at ~435
RR Ratio: ~1:2.5+
📊 Justification:
Liquidity Sweep: Price swept the previous low (creating inducement)
FVG Reaction: Immediate bullish reaction from the demand/FVG zone
Distribution Zone Targeted: Market is likely to grab liquidity from unfilled sell orders in the upper zone
No major resistance till 435 (clean traffic)
⚠️ Risk Notes:
Confirm daily candle closes above 366 before entry
Monitor any reaction at ~390-400 distribution zone
