The following points need to be considered before entering a trade:
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1. A good accumulation near the level of 1950 is observed.
2. A good contraction pattern indicates a sharp breakout of the zone.
3. Price is repeatedly testing its 200 ema making Higher lows.
Considering these points, a trade can be entered as follows:
Entry - 2277, SL 2150, Tgt 2550, RR 1:2
DISCLAIMER: This is NOT a Trade recommendation, but only my observation. Please make your own analysis before entering any trade.
---------------------------------
1. A good accumulation near the level of 1950 is observed.
2. A good contraction pattern indicates a sharp breakout of the zone.
3. Price is repeatedly testing its 200 ema making Higher lows.
Considering these points, a trade can be entered as follows:
Entry - 2277, SL 2150, Tgt 2550, RR 1:2
DISCLAIMER: This is NOT a Trade recommendation, but only my observation. Please make your own analysis before entering any trade.
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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.
Related publications
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.