Analysis: The weekly close above $91k failed. It has opened a new scenario of retouching earlier low, which is below 80k
The Setup:
Entry Zone: failure to hold 85k.
Stop Loss: Hard stop below $87k (Invalidates the structural break).
Take Profit: Follow trailing stop loss below 80k or close your position around 80k.
Outlook: Retouch of earlier 80k level and than consolidation. Expecting strength around 80k and after brief consolidation it should charge for 100k levels.
The Setup:
Entry Zone: failure to hold 85k.
Stop Loss: Hard stop below $87k (Invalidates the structural break).
Take Profit: Follow trailing stop loss below 80k or close your position around 80k.
Outlook: Retouch of earlier 80k level and than consolidation. Expecting strength around 80k and after brief consolidation it should charge for 100k levels.
Trade active
Stop Loss: Hard stop above $87k (Invalidates the structural break).
Trade wisely,
MauryaAnalytics
Market Follower...
Follow the charts, manage the risk.
MauryaAnalytics
Market Follower...
Follow the charts, manage the risk.
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.
Trade wisely,
MauryaAnalytics
Market Follower...
Follow the charts, manage the risk.
MauryaAnalytics
Market Follower...
Follow the charts, manage the risk.
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.