Bullish Continuation from a Bull Flag Pattern + Break of Structure
Bull Flag Pattern Formed
After a strong impulsive bullish move, the price forms a consolidation channel (flag), sloping slightly downward.
This is a classic bull flag pattern, indicating bullish continuation.
Break of Structure (BOS) Confirmed
The price broke above the flag, showing a BOS (Break of Structure) to the upside.
This confirms a potential continuation of the uptrend.
Fibonacci Confluence
Price retraced to the 61.8–78.6% Fibonacci zone (golden zone), which often acts as a strong reversal area in trending markets.
This gives a good risk-to-reward (R:R) opportunity.
Higher Highs and Higher Lows (Market Structure)
The market is forming HHs (Higher Highs) and HLs (Higher Lows) – typical of a healthy uptrend.
Demand Zones Below
Several demand zones (blue boxes) support price if it retraces.
The strong low marked adds structure-based support beneath the trade entry.
Risk-to-Reward (R:R) Setup
You’ve set a tight stop loss below structure and a larger take profit aiming at the -61.8% and 100% Fib extensions – a favorable R:R ratio
Bull Flag Pattern Formed
After a strong impulsive bullish move, the price forms a consolidation channel (flag), sloping slightly downward.
This is a classic bull flag pattern, indicating bullish continuation.
Break of Structure (BOS) Confirmed
The price broke above the flag, showing a BOS (Break of Structure) to the upside.
This confirms a potential continuation of the uptrend.
Fibonacci Confluence
Price retraced to the 61.8–78.6% Fibonacci zone (golden zone), which often acts as a strong reversal area in trending markets.
This gives a good risk-to-reward (R:R) opportunity.
Higher Highs and Higher Lows (Market Structure)
The market is forming HHs (Higher Highs) and HLs (Higher Lows) – typical of a healthy uptrend.
Demand Zones Below
Several demand zones (blue boxes) support price if it retraces.
The strong low marked adds structure-based support beneath the trade entry.
Risk-to-Reward (R:R) Setup
You’ve set a tight stop loss below structure and a larger take profit aiming at the -61.8% and 100% Fib extensions – a favorable R:R ratio
Trade attivo
Tracking this opportunity – high potential playTrade chiuso: obiettivo raggiunto
TP Hit
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.