It is been observed that there are two pattern formation breakout held on hourly chart, symmetrical triangle and Channel Breakout. Where the price action respected the breakout. Now, the price action breaks out from a upward channel breakout indicating further weakness. Targets are measured as per the channel and by also considering previous support levels on daily chart.
Target: 149 Stoploss: 156
Trade active
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Trade closed: target reached
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Target reached Successfully, This shows how precisely technicals work if implied correctly. Regards