There has been a breakout through the Resistance line (Yellow line)
There is good , higher than average volume on breakout
There is rise in ATR on and after breakout
Steep Rising RSI Crossing over to OB zone is indicating good momentum
Tgt = 662
SL = 599
There is good , higher than average volume on breakout
There is rise in ATR on and after breakout
Steep Rising RSI Crossing over to OB zone is indicating good momentum
Tgt = 662
SL = 599
Note
This trade can be loosened to provide space for volatility and retest,So keep SL at 589
Trade closed: target reached
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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.