4081 Naifat Finance (TADAWUL)📊 Trade Idea Overview – Weekly Timeframe
✅ Key Technical Levels:
Demand Zone: Clearly marked between 12.00 – 13.00, showing strong historical buyer interest.
Current Price: 13.38
Fibonacci Retracement Levels: Price is reacting near the 0.705 - 0.79 zone, which often acts as a bullish reversal area.
Target Price: 18.40 — Identified as Buy-Side Liquidity Zone (BSL) and a previous significant high.
Resistance Zone: Around 18.40, where liquidity is likely to get captured by smart money.
📌 Narrative & Market Context:
Price has shown a bullish reaction from the Demand Zone, indicating accumulation or potential bottom formation.
Fibonacci confluence with demand strengthens the bullish setup.
Once price breaks above 14.00, a bullish market structure shift will be confirmed.
The chart also visualizes a projected path toward 18.40, indicating a strong bullish impulse wave ahead.
📈 Expected Price Path (as shown in chart):
Minor pullback toward 13.00 area (retest demand / Fibonacci zone).
Breakout above 14.00 – a key structural shift.
Bullish continuation toward 18.40 Buy-Side Liquidity.
📍 Trading Plan Suggestion:
Entry Zone: Between 13.00 – 13.20 (ideal demand re-entry).
Stop Loss: Below 12.00 (invalidate demand structure).
Take Profit: 18.40
Risk-Reward Ratio: Excellent (Potentially 1:3+ R:R)
