The price has formed a rounding bottom and is now giving a breakout. If the price sustains above 1780 - 1800, it won't form a handle and can hit the targets of the rounding bottom pattern.
Buy above 1830 with the stop loss of 1780 for the targets 1860, 1890, 1920, 1960 and 1990.
There will be some profit booking around the 2000 zone.
But I expect the price will test the 2700 to 2800 zone.
If the price pulls back, it will test the 1300 zone to form a handle pattern.
Always do your analysis before taking any trade.
Buy above 1830 with the stop loss of 1780 for the targets 1860, 1890, 1920, 1960 and 1990.
There will be some profit booking around the 2000 zone.
But I expect the price will test the 2700 to 2800 zone.
If the price pulls back, it will test the 1300 zone to form a handle pattern.
Always do your analysis before taking any trade.
Role I play here : Moderator. Follow me in telegram to trade better. t.me/Analysis4Newbie Contact information : tradingplan4u@gmail.com
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Role I play here : Moderator. Follow me in telegram to trade better. t.me/Analysis4Newbie Contact information : tradingplan4u@gmail.com
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.