MERIT – Buy Plan,Timeframe: Daily Chart | Dr Formation: H4📈 MERIT – Buy Plan
Timeframe: Daily Chart | Dealing Range Formation: H4
🔷 Buy Confirmation Conditions:
Price must close above the black candle series
A bullish Fair Value Gap (FVG) must form after that closure
H4 Dealing Range must be valid and confirmed (details below)
✅ Valid Bullish Dealing Range – 5 Points:
Attacking HTF POI:
Price reacts from a Higher Timeframe bullish Fair Value Gap or Swing Low (Fair Value Area in this case).
Bearish FVG:
A short-term bearish Fair Value Gap forms on H4, trapping sellers.
Bullish FVG:
A bullish FVG forms on H4 timeframe, showing buyer interest and imbalance.
Closed Above Black Candle Series:
Price closes above the series of black (bearish) candles, confirming strength.
Breaker Block:
A broken resistance acts as support, confirming the bullish structure.
🎯 Trade Execution:
📍 Entry: After DR confirmation + bullish FVG + candle closure above black series
🛑 Stop Loss: Below DR low
🎯 Target 1: 17.00
🎯 Target 2: 19.32
⚖️ Risk-Reward: At least 2R
🟦 Fair Value Area: 12.00 – 9.00
📝 “Will only buy after full confirmation as per DR structure and bullish FVG.”
