Higher high and higher low.. formation.. long term channel.. can even go higher.. follow strict SL
Short term Swing trade.. Good R:R potential for more
Reasons: - Daily, weekly and monthly resistance / support marked in the chart - Break down from a consolidation zone.
Stop loss xx00 tgt 100-200 + points.
1. Change Color (red to green) --> trigger 2. above 20 EMA 3. SL < 3.5% 4. trigger candle green color) ~5-10% prft..
reason- break out from accumulation range after march 2020 Note: do not trade
Reistance @ 1500 but once crosses and close.. tgt can be new high..