Price was making a lower low from last weeks but finally, price one last low brokes out with a strong green candle also on daily time frame.
Some reasons for taking the trade :
1. Price-making historic pattern means breaking out of the last lower low with a strong green candle.
2. Morning star is there with engulfing candle and also hammer which is known as rejection candle.
3. There is also a neckline breakout of the Double bottom.
4. Price rejected two times .618 level of Fibonacci retracement. (In pink line)
SL and TGT's are as shown in the chart.
Some reasons for taking the trade :
1. Price-making historic pattern means breaking out of the last lower low with a strong green candle.
2. Morning star is there with engulfing candle and also hammer which is known as rejection candle.
3. There is also a neckline breakout of the Double bottom.
4. Price rejected two times .618 level of Fibonacci retracement. (In pink line)
SL and TGT's are as shown in the chart.
Заметка
Buy on CMP...
Отказ от ответственности
Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.
Отказ от ответственности
Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.