Taking this trade during following reasons as per marked entry and exit:
1. Candle patten – Bullish engulfing
2. Chart Pattern – Descending triangle or it is also in Channel.
3. Volume – Price with big volume but no breakout yet.
4. RSI – Taking support at 40 and moving to 80’s
5. Moving average – Crossing 200 SMA
6. (Risky trade with Entry at Blue line, Stop loss as Red line and Targets Green line)
Note: it’s a Risky trade as price did not give a breakout.
Only for Educational Purpose
1. Candle patten – Bullish engulfing
2. Chart Pattern – Descending triangle or it is also in Channel.
3. Volume – Price with big volume but no breakout yet.
4. RSI – Taking support at 40 and moving to 80’s
5. Moving average – Crossing 200 SMA
6. (Risky trade with Entry at Blue line, Stop loss as Red line and Targets Green line)
Note: it’s a Risky trade as price did not give a breakout.
Only for Educational Purpose
Trade active:
Took the position around 81. Lets wait for target to reach.
Comment:
Target 1 Achieved.... Trail Stop loss