The Trade is based on the following observations :
~ Broken form a channel pattern.
~ Potential low volume retest.
~ Retest candle is a Pin Bar Formation.
~ RR > 1:3
The chances of trade playing out are 70 % (premium members are already triggered) DO NOT MISS !
CHART -> RUBFILA WEEKLY SETUP
As seen per charts, there are few things to note:
1. In weekly time frame, it has given a flag and pole breakout.
2. Last breakout candle has been with good volume.
3. RSI gone above 60.
Disclaimer: This is for educational purpose only. This is not any recommendations. I am not SEBI registered. Please consult your financial advisor...