MOREPENLAB ■ Condition To Be Fullfilled Before Initiating a trade on Weekly Time Frame (W TF) ○ Closing above the counter trendline on W TF. ○ Closing above the Hidden Line on W TF (Talking about Hidden Line which has already been breached, As There are 3 Hidden lines on the chart). ○ Closing above previous High (41.80).
STOP LOSS 38.65/38 (Bearish Engulfing Strategy) According to your loss mangement.
■ Condition To Be Fullfilled Before Initiating a trade on Weekly Time Frame (W TF)
○ Closing above the counter trendline on
W TF.
○ Closing above the Hidden Line on W TF (Talking about Hidden Line which has already been breached, As There are 3 Hidden lines on the chart).
○ Closing above previous High (41.80).
STOP LOSS
38.65/38 (Bearish Engulfing Strategy)
According to your loss mangement.
Targets
50/52/56/60
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