Price has been in strong uptrend and recently it has made a flag BO with good volume and has tested the previous high made. Entry above 735 based on a strong bull signal will take us to a small target of 760 in short term. SL 706. Even if it gives a fakeout and turns back, entries by bull will be made at 710 - 715 area.
Although profit taking can take place at the mentioned level since its a new high, leaving a chance for the bears to enter. So its more of like a continuation or reversal zone. Trade based on the signal bar that is about to form further. Just my observation and purely for study purpose. Thanks.
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Trade active during morning session. Entered @ 740
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That was a good impulsive 20 point move. Target 760 done. Trade closed. Thanks
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Wow. It has made a high of 820. Exited early at 760.