Key levels: 69.65, 70.32, 92.97
Price Action: There is formation of 2 inside bars, then breaks higher in a new begining uptrend showing higher probability of bullish behaviour
Potemtial trade idea: we are looking to go long and exit just below Hourly high.
Parameters:
Entry : 71.70
Stop Loss: 71.40
Take Profit: 72.64
Profit Taking Plan:
1. at break even move stop loss to entry
2. at 2 TP move SL move to Break even and Trail stop
Price Action: There is formation of 2 inside bars, then breaks higher in a new begining uptrend showing higher probability of bullish behaviour
Potemtial trade idea: we are looking to go long and exit just below Hourly high.
Parameters:
Entry : 71.70
Stop Loss: 71.40
Take Profit: 72.64
Profit Taking Plan:
1. at break even move stop loss to entry
2. at 2 TP move SL move to Break even and Trail stop