Long entry: 373.90, based on a breakout of a key resistance level. 🔹 Stop-loss: 371.02 (below recent support) 🔹 First target: 382.84 – potential resistance zone, 50% profit-taking 🔹 Second target: 389.13 – continuation if momentum sustains
📈 Trade rationale:
1D chart: Uptrend intact, supported by a 22 Bullish Reversal on the 1H chart. 4H chart: Breakout above the last resistance with bullish momentum. High ATR signals potential for a significant price movement. 🔎 Risk management:
Risk-reward ratio of 1:3 for the first target and 1:5 for the second. Entry will be confirmed by price stability above 373.90 to avoid a false breakout.