Trade Setup & Parameters

Bias: Long

Entry Price: 158.204 (Breakout & retest of key resistance zone)

Stop Loss: 157.518 (Below intermediate swing low)

Take Profit: 160.778 (Major high / liquidity target)

Risk/Reward Ratio: ~3.7:1

Technical Breakdown

Structural Shift: Following the completion of the 5-wave impulsive decline down to the support zone near 155.30, price initiated an ABC corrective structure upward.

Zone Flip: The key 157.80–158.00 resistance zone—which previously capped the ABC rally—has officially broken. Price has cleared this supply block and established a higher low directly on top of it.

Trend Confirmation: As long as price remains supported above the newly flipped resistance zone (holding above 157.50), the structural path of least resistance points toward 160.75.

What specific indicator confirmations or lower-timeframe entry Triggers are you using to manage this trade?