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: 119.12 (24h High). A sustained break above this level confirms bullish continuation.
· Key Level (Support): 115.85 - 116.12 (Recent 1H swing low & 4H Bollinger Lower Band from earlier chart).
· Market Structure: Higher highs and higher lows remain intact on the 4H. The immediate bias is bullish above 115.85.
2. 1H Chart - Identify Liquidity Pools (Highs & Lows)
Liquidity pools are areas where stop losses are likely clustered, often just beyond recent swing points.
· Liquidity Above (Buy-Stops): Just above the 119.12 high. A push to tag 119.20 - 119.50 would likely trigger buy orders and provide fuel for a move.
· Liquidity Below (Sell-Stops): Just below the recent consolidation low and the 1H Bollinger Band support.
· Primary Pool: Below 117.91 (LB from 3rd chart). A sweep down to 117.50-117.70 would collect liquidity.
· Major Pool: A deeper sweep towards 116.04-116.12 (significant swing low on 1H) would collect a large pool of stops.
3. 15M Chart - Identify Break of Structure (BOS) & Change of Character (CHOCH)
· Current Structure: The market is in a tight range between ~118.10 (LB) and ~118.83 (UB) on the latest 15M Bollinger Bands.
· Bullish BOS/CHOCH: A decisive 15M close above 118.83 (UB) with follow-through would indicate a BOS to the upside, targeting the 119.12 high.
· Bearish CHOCH: A decisive 15M close below 118.10 (LB) and a failure to reclaim it would signal a loss of bullish momentum in the short term, targeting the 117.50 liquidity zone.
4. 5M Chart - Trade Plan Execution
Scenario A: Bullish Break & Retest (Primary Plan)
1. Trigger: Price takes 119.12 liquidity and shows a rejection wick or a pullback.
2. Entry: On a 5M bullish order block formation or a retest of 118.80-118.90 as new support (previous resistance).
3. Stop Loss: Below the entry candle's low or below 118.60.
4. Take Profit 1: 119.50 (Initial liquidity grab).
5. Take Profit 2: 120.00 - 120.50 (Extension towards previous 4H highs).
Scenario B: Bearish Liquidity Sweep & Reversal (Counter-Trend)
1. Trigger: Price sweeps the 117.50-117.70 liquidity zone with a clear 5M bullish reversal pattern (e.g., bullish engulfing, pin bar).
2. Entry: On the confirmation of the reversal, ideally on a retest of 117.80-118.00.
3. Stop Loss: Below the swing low (e.g., below 117.40).
4. Take Profit 1: 118.50 (Mean reversion).
5. Take Profit 2: 119.00-119.12 (Back to range high).
Scenario C: Range Fade (Neutral)
· Sell Zone: 118.80 - 119.05 (Upper value area). Stop above 119.15.
· Buy Zone: 118.15 - 118.30 (Lower value area). Stop below 117.90.
Risk Management: Position size for max 1-2% portfolio risk per trade. Favor Scenario A as it aligns with the higher timeframe bullish bias. Be prepared for volatility around the 119.12 level.#GateLiveMiningProgramPublicBeta