BCPL has broken below the support zone, which has been tested multiple times in the past. This presents a good opportunity for a small swing trade.
Entry:
To take advantage of this situation, we can initiate a short position as soon as the next candle opens.
Stoploss:
For risk management, it's wise to set the stoploss just above the support level, with a little buffer added.
Target:
Our target for this trade can be set near the next support level, as indicated on the chart.
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Entry:
To take advantage of this situation, we can initiate a short position as soon as the next candle opens.
Stoploss:
For risk management, it's wise to set the stoploss just above the support level, with a little buffer added.
Target:
Our target for this trade can be set near the next support level, as indicated on the chart.
Thank you, Please like and follow me.