It is been observed on the hourly and daily chart that the price action breaks below the descending triangle indicating a further move down towards the next resistance levels.
Target 1: 955
Stoploss: 975
Target 1: 955
Stoploss: 975
Comment:
Long Wicks to upside indicating selling pressure on hourly chart.
Trade active
Trade active
Trade closed: stop reached
Comment:
It is been observed that it broke out downward trendline and now consolidating in a triangle. Tomorrow, breakout from triangle shall decide further movement in the market.
Regards
Regards
