$WLD Showing Strength Bullish Reversal?
Trade Direction: LONG
Entry Zone: 0.4120 - 0.4145
Stop Loss: 0.4075 (below recent swing low)
Take Profits:
TP1: 0.4200
TP2: 0.4250
TP3: 0.4300 (next liquidity pool)
Why this setup?
After an initial sharp drop from 0.420, $WLD formed solid higher lows during consolidation and has now broken above the 0.414 resistance with strong green momentum candles. Market structure is shifting to higher highs (HH) and higher lows (HL). Price is reclaiming key levels with bullish candles closing near session highs. This setup offers a favorable risk-reward long.
Trade Direction: LONG
Entry Zone: 0.4120 - 0.4145
Stop Loss: 0.4075 (below recent swing low)
Take Profits:
TP1: 0.4200
TP2: 0.4250
TP3: 0.4300 (next liquidity pool)
Why this setup?
After an initial sharp drop from 0.420, $WLD formed solid higher lows during consolidation and has now broken above the 0.414 resistance with strong green momentum candles. Market structure is shifting to higher highs (HH) and higher lows (HL). Price is reclaiming key levels with bullish candles closing near session highs. This setup offers a favorable risk-reward long.