FIBERWEB trade ideas
Fiberweb - Base Breakout. Best above 56Fiberweb - 2 year cup formation and has given breakout today.
One can enter above 56 and if it falls one can accumualte up to 42.
Strict Stop loss of 40.
Disclaimer : Please do your research.
Breakout in FIBERWEBRound Bottom Breakout Setup
RSI above 70 and rising
Trading above EMA50
Volume accumulation
1D FIBERWEB - Short Position1. Nice Pinbar formed at S/R zone.
2. 50.0% Fibonacci Retracement confirmed that is superb S/R zone with pin bar.
3. EMA 150 & 200 acts as resistance for that pin bar.
4. Note down entry point very well and TP & SL clearly mentioned in the chart window.
