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.
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...