$NEAR
Been watching this pair, and it just lined up.
Trade: Long 📈
Entry: 4.44
Stop Loss: 4.2521
Take Profit: 4.85
Timeframe: 1H & 30M candles
The 1 hour chart shows a strong bullish trend with multiple breaks of structure and price trading at 82.6% premium, indicating a powerful breakout. The 5 minute chart shows a recent minor pullback low at 4.4141, and price is currently retesting a fresh bullish fair value gap between 4.4393 and 4.4458. This offers a high-probability entry at 4.44 for trend continuation. The stop is placed at 4.2521 below the recent higher timeframe swing low and open sell-side liquidity. The target is 4.85, aiming for the untested buy-side liquidity above the recent swing high at 4.6616, providing a 2.9 reward-to-risk ratio.
As always, this is analysis, not a guarantee. DYOR.
Been watching this pair, and it just lined up.
Trade: Long 📈
Entry: 4.44
Stop Loss: 4.2521
Take Profit: 4.85
Timeframe: 1H & 30M candles
The 1 hour chart shows a strong bullish trend with multiple breaks of structure and price trading at 82.6% premium, indicating a powerful breakout. The 5 minute chart shows a recent minor pullback low at 4.4141, and price is currently retesting a fresh bullish fair value gap between 4.4393 and 4.4458. This offers a high-probability entry at 4.44 for trend continuation. The stop is placed at 4.2521 below the recent higher timeframe swing low and open sell-side liquidity. The target is 4.85, aiming for the untested buy-side liquidity above the recent swing high at 4.6616, providing a 2.9 reward-to-risk ratio.
As always, this is analysis, not a guarantee. DYOR.