Long $MUBARAK Just pulled out from the EQL area and regained the short-term EMA. The 15m structure is currently being repaired, so it’s best to wait for a backtest before going LONG.
Entry 1: 0.0679 – 0.0682
Reason: The BOS area has just broken out; backtest the most recent support.
Entry 2: 0.0663 – 0.0666
Reason: A deeper support zone, closer to the EMA200.
Entry 3: 0.0633 – 0.0637
Reason: A strong demand area and the base of the consolidation before the push up.
Take Profit 1: 0.0720
Take Profit 2: 0.0760
Take Profit 3: 0.0795 – 0.0820
Stop Loss: 0.0598
Split the position evenly across the 3 entries. Take profit on TP1 first for a portion of the position, then move the SL to breakeven; the 0.0795 area is a Weak High—watch how price reacts after reaching it.
Entry 1: 0.0679 – 0.0682
Reason: The BOS area has just broken out; backtest the most recent support.
Entry 2: 0.0663 – 0.0666
Reason: A deeper support zone, closer to the EMA200.
Entry 3: 0.0633 – 0.0637
Reason: A strong demand area and the base of the consolidation before the push up.
Take Profit 1: 0.0720
Take Profit 2: 0.0760
Take Profit 3: 0.0795 – 0.0820
Stop Loss: 0.0598
Split the position evenly across the 3 entries. Take profit on TP1 first for a portion of the position, then move the SL to breakeven; the 0.0795 area is a Weak High—watch how price reacts after reaching it.
