On a 4 hrly chart,
Resistance area around 134 has been broken
The breakout candle has a high volume and negligible wicks
A small cup and handle pattern has been formed taking the 134 level as neckline
Also there is a visible rise in atr on and after breakout
For a Short Term Trade , tgt = 148, sl = 130
Resistance area around 134 has been broken
The breakout candle has a high volume and negligible wicks
A small cup and handle pattern has been formed taking the 134 level as neckline
Also there is a visible rise in atr on and after breakout
For a Short Term Trade , tgt = 148, sl = 130
Trade closed: target reached
10% upmove
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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.