LTIM tax news has bought a downfall in the price but we need to consider its strong bullish momentum. Trendline breakdown is already given but instead of fall it is sustaing.
May give a strong reversal from here since short positions have been made.
I am expecting this a major fakeout before good rally.
SL and TP are mentioned in chart . trade as per your analysis just a view .
May give a strong reversal from here since short positions have been made.
I am expecting this a major fakeout before good rally.
SL and TP are mentioned in chart . trade as per your analysis just a view .
Comment:
Hope you enjoyed the idea all targets achieved. Power of fake breakouts :)
Just remember fake outs have a very good RR ratio including higher winning probabilities.