Description
After a Downward breakout of the triangle pattern, that was preceded by a sharp up-move (of ~6% in 3-trading session), Price nearing an important support Zone of (Rising trendline and Horizontal Support), a sideways movement is expected before price Shows any Decisive move.
Point to notice
The Up move we saw couldn't surpass the fib retracement level of 0.618 of previous down-swing and fall back.
Levels
Important level on the downside is 4500, if taken out successfully then, clean sell signal would trigger, where as on the upside, level of 4775 is crucial, till the time price gives a clean breakout our outlook will remain bearish.
- For Educational Purposes only, Not an investment advice.
After a Downward breakout of the triangle pattern, that was preceded by a sharp up-move (of ~6% in 3-trading session), Price nearing an important support Zone of (Rising trendline and Horizontal Support), a sideways movement is expected before price Shows any Decisive move.
Point to notice
The Up move we saw couldn't surpass the fib retracement level of 0.618 of previous down-swing and fall back.
Levels
Important level on the downside is 4500, if taken out successfully then, clean sell signal would trigger, where as on the upside, level of 4775 is crucial, till the time price gives a clean breakout our outlook will remain bearish.
- For Educational Purposes only, Not an investment advice.
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🟢For Forex and International Commodities
t.me/CrazyTrades247_FX_International
Connect us
+91-9238387447
crazytrades247@gmail.com
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
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
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.