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
Trade active
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Took the position around 81. Lets wait for target to reach.