Britania Breakdown Short Term Trade
Updated
The level around 4938.65 (yellow horizontal line) is an important support area
It has been broken , with high volume
The breakout candle is strong and has negligible wicks
ATR had a sharp rise on breakout , thus confirming it
Area around 4708 (white horizontal line) is the next immediate support
Keep tgt little above that area
and SL above the high of breakout candle
Tgt and SL are marked on the chart
It has been broken , with high volume
The breakout candle is strong and has negligible wicks
ATR had a sharp rise on breakout , thus confirming it
Area around 4708 (white horizontal line) is the next immediate support
Keep tgt little above that area
and SL above the high of breakout candle
Tgt and SL are marked on the chart
Trade closed: target reached
Tgt reached 5% profit reachedCan extend the trade to tgt 4568 keeping SL 4708
Risk averse traders exit the trade
Trade closed: target reached
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