TAMO as per 1H chart its in consolidation zone.
1) It has broken last 15 min swing low of 490 made Lower Low, Yeelow small line.
2) if we count down swing 510.70 to 487.40 then there is support line passing this can push back it up side.
3) down swing of 510.70 to 487.40 retracement 50-61.8% is 500-502 zone. which is entry zone for short
4) SL of the entry should be 505 as per 15 min consolidation zone.
5) Target fo the trade should be 480-76 where Bulls was entered last time as per PA
In this trade we are taking risk 3-5 points and target 20-25 points.. The risk reward is almost 1:5
Its my Personal view, Think twice before take any decision. I always focus on my loss figure which i can bare, not on profit.
1) It has broken last 15 min swing low of 490 made Lower Low, Yeelow small line.
2) if we count down swing 510.70 to 487.40 then there is support line passing this can push back it up side.
3) down swing of 510.70 to 487.40 retracement 50-61.8% is 500-502 zone. which is entry zone for short
4) SL of the entry should be 505 as per 15 min consolidation zone.
5) Target fo the trade should be 480-76 where Bulls was entered last time as per PA
In this trade we are taking risk 3-5 points and target 20-25 points.. The risk reward is almost 1:5
Its my Personal view, Think twice before take any decision. I always focus on my loss figure which i can bare, not on profit.
Trade closed: target reached