In 15 minutes time frame, we can see a W pattern formation, which is bullish. In a one-hour timeframe, we can see the price is moving inside a channel.
Buy above 1580 with a stop loss of 1568 for the targets 1594, 1608, 1622 and 1636.
Once the price reaches the upper trendline of the channel, it has to break and sustain above it to move up further.
Always do your analysis before taking any trade.
Buy above 1580 with a stop loss of 1568 for the targets 1594, 1608, 1622 and 1636.
Once the price reaches the upper trendline of the channel, it has to break and sustain above it to move up further.
Always do your analysis before taking any trade.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Role I play here : Moderator. Follow me in telegram to trade better. t.me/Analysis4Newbie Contact information : tradingplan4u@gmail.com
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.