Buy as it breaks recent trend line.
Its forming this pattern this pattern since a long time so the upward momentum is going to be impulsive.
BUY once it breaks the 133.50 resistance (buy at retracement )
STOPLOSS at 126,20
TARGET at 167.70
RR ratio is approximately 4
This Analysis Is Done Only For Educational & Intelligence Purpose, Invest Or Trade At your Own...
(All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns)
STRATEGY :
Sell once it breaks the trendline on 2 hr timeframe (best entry could be at retracement)
Trail your stop loss as you reach target 1.
