Time Frame: - H4 & Daily : FVG Identification - H1 Entry Signal
1. Trend Confirmation: Identified a Break of Structure by the break of the previous resistance at 31.52, indicating a bullish in market sentiment.
2. Fair Value Gap (FVG): On the Daily chart noted a Fair Value Gap (FVG) between 31.43 - 31.70. On the H4 chartnoted a Fair Value Gap (FVG) between 31.15 - 31.55.
3. Position: Entry after Bullish Engulfing Candle: 31.70 Stop Loss : 31.40 (below daily FVG) Take Profit: 33.00 (below fibbo 1.618) RRR : 1:4.3x
Additional Note: Stop Loss is within H4 FVG.
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