BREAKOUT ALERT AHEAD...
Take trade as per the values given in Fibonacci. always trail the stop loss. do your own analysis before taking trade
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The price is at channel support and retesting the down channel breakout levels.Setting up a potential bullish move.
TARGET 1-180
If Resistance at 180 is broken big move is expected.
This is just an my analysis.I am still learning chart patterns.Pls feel free to suggest your ideas if I am wrong.
The price breached the downtrend line with high volume and rallied to change the market structure. At present, the RSI is at ~63. The price may test the 170 for demand before moving up. This narrative is supported by the need for RSI to cool off a bit or else the move will soon become extended. Long positions can be added on the retest of 170 level. The market...
