Prices have been consolidating a while in a range and soon a breakout is expected on the upside. Right now its hovering around the range high. Will enter long position only after breakout confirmation and closing above 623 for a target of 640. If there is a breakout failure, it can be used to enter short at the range high for a target of 600. Will trade based on how price action reveals further.
For study purpose
Thanks
For study purpose
Thanks
Trade active:
Entered @ 624
Comment:
Target 1 done @ 630
Comment:
target 2 done @ 635. Trailed SL to cost and took partial profits
Trade closed manually:
Closed the rest for 634.
Comment:
Great!! It had a nice breakout and made a high of 644, although i exited @ 634.