$ORCA 1H pullback holding above mid-range support after impulsive expansion to 1.42.
Trade Direction:
Long (bullish pullback continuation)
Entry:
1.17 – 1.21
Stop Loss:
1.11
TP1:
1.30
TP2:
1.36
TP3:
1.42
Explanation
Price expanded aggressively from sub-1.00 and swept liquidity into 1.42, where sellers responded. The pullback found support around 1.15–1.18, forming a higher low relative to the prior structure shift. Current consolidation above 1.17 shows buyers absorbing supply rather than breaking down. As long as 1.11 holds, the structure remains constructive for a rotation back into the prior high liquidity zone near 1.36–1.42.
Final execution note.
I position inside the entry range and reduce risk immediately if 1.11 fails on a closing basis.
ORCA
1.277
+11.82%
