a good consolidation break out
target are mention in chart
intact with your stop loss as per your target.
Note-
just drawing the lines are not conformity for taking trade in any, there are more than that .
here what we see?
we see at the green support zone price took support and moved up (3 times). At 4 th time price didn't move up but consolidate here.
So whenever a good consolidation(winning probability 60% )take place & there is a good engulfing bullish candle ,it is a indicator of control the price movement by bulls.
LEARNING POINT-
Do your all analysis whatever you can before entry.
After entry there is no analysis.
Either stop loss or target
thanks you
intact with your stop loss as per your target.
Note-
just drawing the lines are not conformity for taking trade in any, there are more than that .
here what we see?
we see at the green support zone price took support and moved up (3 times). At 4 th time price didn't move up but consolidate here.
So whenever a good consolidation(winning probability 60% )take place & there is a good engulfing bullish candle ,it is a indicator of control the price movement by bulls.
LEARNING POINT-
Do your all analysis whatever you can before entry.
After entry there is no analysis.
Either stop loss or target
thanks you
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