As per the pattern formation, price is moving within an ascending channel and also consolidating at the lower trend line of the channel. If price gains strength, it can move towards upper trend line of the channel.
Buy above 324 with the stop loss of 321 for the targets 327, 330, 332 and 336.
If channel support is not holding and price gains bearish strength, can sell below 318.
Sell below 318 with the stop loss of 321 for the targets 315, 312, 309 and 306. 300 - 302 is a strong support zone.
Always do your own analysis before taking any trade.
Buy above 324 with the stop loss of 321 for the targets 327, 330, 332 and 336.
If channel support is not holding and price gains bearish strength, can sell below 318.
Sell below 318 with the stop loss of 321 for the targets 315, 312, 309 and 306. 300 - 302 is a strong support zone.
Always do your own analysis before taking any trade.
Role I play here : Moderator. Follow me in telegram to trade better. t.me/Analysis4Newbie Contact information : tradingplan4u@gmail.com
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.
Role I play here : Moderator. Follow me in telegram to trade better. t.me/Analysis4Newbie Contact information : tradingplan4u@gmail.com
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.
