Engulfing @ significant Zone
Updated
It seems that 374 level is strong demand zone. Parallel Channel, double bottom, RSI coming out of overbought zone and latest Engulfing bar suggesting a long trade with small stop loss. One can easily expect 2.5 times reward of risk being taken in this trade.
Disclaimer : All ideas and comments are my personnel view. Please take financial consultancy for trading decision.
Disclaimer : All ideas and comments are my personnel view. Please take financial consultancy for trading decision.
Trade active
Trade active
Target (2.5 times of original risk)achieved however continuing with trailing SL.Trade closed: stop reached
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