SMCPL Buy Call (1H TF) - Second Strike
After a successful previous buy call, SMCPL has recently been in a downtrend channel (pink) from December to April. A selling climax marked the end of the downtrend, followed by a reversal and the formation of an inverted head and shoulders pattern, a bullish reversal pattern. With sufficient volume distribution and the presence of multiple FVGs and bullish IFDZ, this setup presents a high-probability trade.
🚨 TECHNICAL BUY CALL – SMCPL🚨
Buy Levels:
1. 18.5 (Current Price)
2. 18.2
3. 17.6
Targets:
TP1: 20.8
TP2: 22.08
TP3: 24.4
Stop Loss: Below 17 day closing
Risk-Reward Ratio: 3.6
Caution: Please buy in 3 parts in buying range. Close at least 50% position size at TP1 and then trail SL to avoid losing incurred profits in case of unforeseen market conditions.
PLEASE BOOST AND SHARE THE IDEA IF YOU FIND IT HELPFUL.
After a successful previous buy call, SMCPL has recently been in a downtrend channel (pink) from December to April. A selling climax marked the end of the downtrend, followed by a reversal and the formation of an inverted head and shoulders pattern, a bullish reversal pattern. With sufficient volume distribution and the presence of multiple FVGs and bullish IFDZ, this setup presents a high-probability trade.
🚨 TECHNICAL BUY CALL – SMCPL🚨
Buy Levels:
1. 18.5 (Current Price)
2. 18.2
3. 17.6
Targets:
TP1: 20.8
TP2: 22.08
TP3: 24.4
Stop Loss: Below 17 day closing
Risk-Reward Ratio: 3.6
Caution: Please buy in 3 parts in buying range. Close at least 50% position size at TP1 and then trail SL to avoid losing incurred profits in case of unforeseen market conditions.
PLEASE BOOST AND SHARE THE IDEA IF YOU FIND IT HELPFUL.
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Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
Declinazione di responsabilitĂ
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.