Reasons for long:
1) In a rising upward channel.
2) Approaching a major Resistance area.
3) If buying continues, then can reach the resistance area.
Entry - If previous high is broken with volumes in previous 15 minute time frame
Note: Risk averting traders need not enter as it can fall quick.
1) In a rising upward channel.
2) Approaching a major Resistance area.
3) If buying continues, then can reach the resistance area.
Entry - If previous high is broken with volumes in previous 15 minute time frame
Note: Risk averting traders need not enter as it can fall quick.
Trade closed: target reached:
Target achieved in pre market and opening.