LUCK - Bullish Rever
Updated
The price appears to have bounced from a recent low around the 830 level, forming a potential reversal pattern. The price is currently trading around PkR848.50 after a downward trend that seems to have reversed. There are marked support zones near 830-840 PKR, and the price is showing some recovery with higher highs and lows.
Entering a long position might be considered if the price sustains above the current resistance at PkR850, as this could indicate a continued upward movement. A stop-loss could be set below the previous support at around PkR815.50 to limit downside risk, while targeting a move back towards PkR900 or higher, depending on momentum. However, confirmation of bullish strength is key before fully committing to the position.
Entering a long position might be considered if the price sustains above the current resistance at PkR850, as this could indicate a continued upward movement. A stop-loss could be set below the previous support at around PkR815.50 to limit downside risk, while targeting a move back towards PkR900 or higher, depending on momentum. However, confirmation of bullish strength is key before fully committing to the position.
Trade active
Setup is developing HH & HLTrade closed: target reached
Target Achieved 🚀🚀
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