Story of my life
So we have a classic S/R play on this one with .78 fibbs level working as a retracement in aggressive downtrend in the past. It has broken out after a recently long consolidation but got rejected at level 2. It broke the level 1 but found support at 10ema and been making gains since the start of the week. Currently the rising volume supports the uptrend. We have a very volatile market conditions presently so it would be ideal to take an objective trade with nice RR with Stop loss.
So the plan is-
So the plan is-
Nota
Nota
So its currently consolidating on 4h timeframe at level1. I would like to see one good impulsive green candle above level 1 to enter a long position with volume at least 50k at close. TP1 - 638 and TP 2 - 800ish. Alternately if we break down level 1 then likely to go to level 0.
Nota
Appreciate likes and commentsNota
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.