Trade Idea: ALSAIF STORES (TADAWUL: 4161)

📈 Trade Idea: ALSAIF STORES (TADAWUL: 4161)
Timeframe: Daily (1D)
Current Price: 7.96 SAR
Setup Type: Breakout & Retest

🔍 Trade Narrative:
Price has broken above a recent consolidation zone (marked in light blue).

Strong bullish momentum is visible after reclaiming the key level of 7.80.

Market structure shows higher lows and a push towards previous liquidity zones.

🎯 Trade Plan:
Entry Zone: 7.80 – 7.90 (retest area)

Target 1 (T1): 8.35 (Previous High / Liquidity Grab)

Target 2 (T2): 8.44 (Final Target with Heart Marker 💗)

Stop Loss: Below 7.70 (below recent structure)

📊 Risk-to-Reward:
Approx. Risk: 0.20

Reward: 0.44 – 0.64

R:R Ratio: ~2.2 to 3.2

🔧 Confluence:
Daily structure shift confirmed

Liquidity resting above 8.35

Volume spike during breakout

Potential bullish continuation if price retests successfully