1-Hour Time Frame
Technical Overview
EMA 21 crossover EMA 50: Bullish crossover confirming short-term upside momentum.
Fibonacci Retracement: Price rebounded from the 0.618 golden zone, indicating a strong continuation setup.
MACD: Bullish crossover above the signal line — momentum shifting positive.
RSI: Trending upward around 66–70, still below overbought — supports further upside.
Volume: Noticeable increase on the breakout, confirming buying strength.
Swing Trade Plan
Buy Entry: Current market price ≈ PKR 376–378
Target Price (TP): PKR 445
Stop Loss (SL): PKR 372 (below recent swing-low and 0.618 retracement zone)
Risk-Reward Ratio: ~1 : 3 (good swing setup)
Trade Summary
Trend: Bullish short-term continuation
Pattern: EMA crossover + Fibonacci retracement rebound
Indicators: RSI and MACD both showing bullish signals
Confirmation: Volume breakout adds strength to the move
Technical Overview
EMA 21 crossover EMA 50: Bullish crossover confirming short-term upside momentum.
Fibonacci Retracement: Price rebounded from the 0.618 golden zone, indicating a strong continuation setup.
MACD: Bullish crossover above the signal line — momentum shifting positive.
RSI: Trending upward around 66–70, still below overbought — supports further upside.
Volume: Noticeable increase on the breakout, confirming buying strength.
Swing Trade Plan
Buy Entry: Current market price ≈ PKR 376–378
Target Price (TP): PKR 445
Stop Loss (SL): PKR 372 (below recent swing-low and 0.618 retracement zone)
Risk-Reward Ratio: ~1 : 3 (good swing setup)
Trade Summary
Trend: Bullish short-term continuation
Pattern: EMA crossover + Fibonacci retracement rebound
Indicators: RSI and MACD both showing bullish signals
Confirmation: Volume breakout adds strength to the move
Transaction en cours
Trade fermée: cible de profit atteinte
SSOM trade update: Target price (TP) hit successfully! Now using a trailing stop loss strategy — if price breaks down below EMA 9, I’ll close the trade.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.