The federal bank just broke the all-time high and resistance of 152.85 and looks bullish. Maybe a pullback will occur after a few hikes.
Expecting 180 level target (based on previous breakout rallies)
Maintain stop loss below 147 (as per risk appetite and position sizing)
Expecting 180 level target (based on previous breakout rallies)
Maintain stop loss below 147 (as per risk appetite and position sizing)
Commentaire:
False breakout- failed to sustain the level on the next day, however, after a few days of retracements federal bank is back on track, expecting to break the resistance this time.