$OP - Entry Strategy
Entry Strategy (M15)
1. Trend on M15:
The short-term trend is seen in a consolidation phase with a potential breakout.
The price is moving above the VWAP line, indicating temporary bullish strength.
2. Entry Strategy:
Long Entry (Buy):
Condition: If the price manages to breakout above $1,862 (Resistance 1 at Pivot).
Entry Point: $1,865 (breakout confirmation with high volume).
Stop Loss (SL): $1,850 (slightly below Pivot $1,851 to avoid false breakouts).
Take Profit (TP): $1,880 (upper Bollinger Band + buffer).
Entry Short (Sell):
Condition: If the price falls and breaks through $1,828 (VWAP support on the M15 chart).
Entry Point: $1,825.
Stop Loss (SL): $1,838 (above VWAP to mitigate the risk of false breakdown).
Take Profit (TP): $1,798 (Pivot on H4).
3. Important Notes:
Pay attention to the volume during the breakout/breakdown to ensure movement validation.
Avoid opening positions when volatility is low (usually before the Asian session).