If the Weekly closing comes below the blue trendline we can see a downfall till Orange Trendline.
One can Short with a SL of 1,676 (Current candle HIGH) for the target (Orange Trendline) approx 1,360
CMP: 1628
SL: 1,676
Target: 1,360
Risk = 48 points
Rewards = 268
R:R = ~1:5
One can Short with a SL of 1,676 (Current candle HIGH) for the target (Orange Trendline) approx 1,360
CMP: 1628
SL: 1,676
Target: 1,360
Risk = 48 points
Rewards = 268
R:R = ~1:5
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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.
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.