$OP
--- Breakout-Bounce Trading ---
Condition:
Price breaks through key resistance/support levels with high volume, then pulls back to the breakout area for validation.
Strategy:
Entry Long (Buy):
Condition: If price breaks out Resistance 1 ($1,862), then pulls back to test the area.
Entry Point: $1,865.
Stop Loss (SL): $1,855 (below Resistance 1 + buffer).
Take Profit (TP): $1,880 (potential upper Bollinger Band).
Entry Short (Sell):
Condition: If price breaks out Pivot ($1,798), then pulls back to test the area.
Entry Point: $1,795.
Stop Loss (SL): $1,805 (above Pivot + buffer).
Take Profit (TP): $1,780 (lower support on H1 chart).
--- Important Notes ---
Volume: Make sure volume supports each scenario (trade range, pullback, or breakout-bounce).
Validation Timeframe: Use H1 to make sure signals on M15 remain within the context of the larger trend.
Risk Management: Do not risk more than 1-2% per trade to preserve capital.