After the bounce back from the support zone of ~63640 price has retested the resistance zone and facing rejection from the exact 0.618 fib retracement level of previous swing which is at the confluence of rising trendline rejection zone.
Some consolidation at current level would be convincing for the moves that will follow after the breakout, current momentum is on bullish direction. if it successfully gets rejected from the resistance. Then it might retest the neckline of 63640, or if it breaks above the 65760 then can continue till 66930,
Breakout of the consolidation would be decisive, if it gives moves without significant consolidation, it's safe to avoid.
For Educational Purposes only, Not an Investment Advice, Always use strict Risk management measures.
Regards CrazyTrades247.
Some consolidation at current level would be convincing for the moves that will follow after the breakout, current momentum is on bullish direction. if it successfully gets rejected from the resistance. Then it might retest the neckline of 63640, or if it breaks above the 65760 then can continue till 66930,
Breakout of the consolidation would be decisive, if it gives moves without significant consolidation, it's safe to avoid.
For Educational Purposes only, Not an Investment Advice, Always use strict Risk management measures.
Regards CrazyTrades247.
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Join Telegram Channels for more Trades ideas 🧿
🟢For Forex and International Commodities
t.me/CrazyTrades247_FX_International
Connect us
+91-9238387447
crazytrades247@gmail.com
🟢For Forex and International Commodities
t.me/CrazyTrades247_FX_International
Connect us
+91-9238387447
crazytrades247@gmail.com
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.