It is been observed that the price action is trending down as it makes Lower High (LH) and Lower Lows (LL) sequence, indicating a down trend is continuation. Now, the price action breaks and close below crucial support levels of 1055 which indicates further move down to the next support levels at 1033-1030.
It is also to be noted that the price action is in progress of completing a bullish harmonic ABCD Pattern.
Target: 1033
Stoploss: 1075
It is also to be noted that the price action is in progress of completing a bullish harmonic ABCD Pattern.
Target: 1033
Stoploss: 1075
Trade active
Now, moving towards the target..sitting tight.Trade active
1% down, keep goingTrade active
ConsolidatingTrade closed: target reached
Targets reached successfully, Cheers :)
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.