On 1 hourly chart,
There has been a breakout , of the resistance line (yellow line)
the resistance has turned into support
ATR is rising after the breakout
On a 4hourly chart, double bottom is formed
The next immediate support and resistance are marked (white horizontal lines)
Target and SL for a short term trade are mentioned in the chart
There has been a breakout , of the resistance line (yellow line)
the resistance has turned into support
ATR is rising after the breakout
On a 4hourly chart, double bottom is formed
The next immediate support and resistance are marked (white horizontal lines)
Target and SL for a short term trade are mentioned in the chart
Trade closed: stop reached