Going Long on cross of 1638-40 with SL of 1588.
Target: 1790
RR: 2.94 with Target around 9.2% while SL at 3.13%
Looks good on daily and weekly.
It looks like a VCP BO and also like a Flag and pole on weekly
RS RSI and Moving Average all are looking in uptrend.
If at current position, long entry is done through futures,, then use 1540 PE Buy along with future, once it crosse above 1540(on Spot) and sustains then close future or keep it if don't want to take extra risk.
PS: This is my first idea being published on TradingView. Please consult your financial advisor before taking any decision related to buy and sell.
Trade closed: stop reached