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7204: Breakout and Retest
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7204: Breakout and Retest
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8月18日
2
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8月18日
7204 was in correction for a while within descending parallel channel.
Breakout followed by retest is observed on parallel channel.
Price has started showing HH, HL formations after
taking support from horizontal line
which is also golden pocket fib level.
A Bullish divergence is also formed.
Take entry now (with aggressive or conservative SL) and ride the trend.
Do proper risk management based on your portfolio and appetite.
7204
AB=CD
ascendingparallelchannel
breakouttrading
Fibonacci
goldenpocket
Parallel Channel
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