Story of my life
So we have a classic S/R play on this one with .78 fibbs level working as a retracement in aggressive downtrend in the past. It has broken out after a recently long consolidation but got rejected at level 2. It broke the level 1 but found support at 10ema and been making gains since the start of the week. Currently the rising volume supports the uptrend. We have a very volatile market conditions presently so it would be ideal to take an objective trade with nice RR with Stop loss.
So the plan is-
So the plan is-
Note
Note
So its currently consolidating on 4h timeframe at level1. I would like to see one good impulsive green candle above level 1 to enter a long position with volume at least 50k at close. TP1 - 638 and TP 2 - 800ish. Alternately if we break down level 1 then likely to go to level 0.
Note
Appreciate likes and commentsNote
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.