Monthly is clearly bullish with great momentum candle breaking out of the monthly resistance. A double bottom can also be spotted.
Weekly too gives a positive picture. Price has broken out of the resistances and smashed them. A pullback from this nice uptrend can be seen to test weekly support.
In the Daily, we can spot 4 rejections of weekly support further confirming our bullish bias. Last candle had a long wick, which is great.
In the 75 min, again a Double bottom at Weekly Support can be seen along with multiple rejections of weekly support. Using the 75 min TF for entry, a long entry is trigerred on break of Trendline
Weekly too gives a positive picture. Price has broken out of the resistances and smashed them. A pullback from this nice uptrend can be seen to test weekly support.
In the Daily, we can spot 4 rejections of weekly support further confirming our bullish bias. Last candle had a long wick, which is great.
In the 75 min, again a Double bottom at Weekly Support can be seen along with multiple rejections of weekly support. Using the 75 min TF for entry, a long entry is trigerred on break of Trendline
Trade closed: target reached:
Target hit.
Chartered Accountant | Trader | Trainer
| www.afzallokhandwala.com
| www.afzallokhandwala.com