A long term prior uptrend; have created HH-HL with retracement and not ready to make a new high. multiple confirmation:
1. Let it break the resistance line as shown.
2. taken support of 50 dma which is a strong reason.
3. already made HH-HL.
RR of 1:2 can be planned for...
happy trading!!
1. Let it break the resistance line as shown.
2. taken support of 50 dma which is a strong reason.
3. already made HH-HL.
RR of 1:2 can be planned for...
happy trading!!