$LIGHT
TECHNICAL ANALYSIS – BULLISH CONTINUATION SETUP
Previous resistance flipped into solid support
Trend continuation pattern forming on lower timeframes
Trade Plan – LONG SETUP:
Entry (Buy Zone): 1.70 – 1.78
Target 1: 2.15
Target 2: 2.45
Target 3: 2.85
Stop Loss: 1.42
Bias: Bullish continuation as long as price holds above the support zone. A clean hold and bounce from the entry area can trigger the next impulsive leg upward.
Risk Management:
Risk only 1–2% of capital per trade, secure partial profits at each target, and move stop loss to breakeven after TP1 is hit.
#RSI #BREAKOUT #SUPPORTRESISTANCE #PRICEACTION #TREND
TECHNICAL ANALYSIS – BULLISH CONTINUATION SETUP
Previous resistance flipped into solid support
Trend continuation pattern forming on lower timeframes
Trade Plan – LONG SETUP:
Entry (Buy Zone): 1.70 – 1.78
Target 1: 2.15
Target 2: 2.45
Target 3: 2.85
Stop Loss: 1.42
Bias: Bullish continuation as long as price holds above the support zone. A clean hold and bounce from the entry area can trigger the next impulsive leg upward.
Risk Management:
Risk only 1–2% of capital per trade, secure partial profits at each target, and move stop loss to breakeven after TP1 is hit.
#RSI #BREAKOUT #SUPPORTRESISTANCE #PRICEACTION #TREND