SETUP: Bear channel-price is at the top of the channel, 50 and 200 ema on both 15min chart and 1hr chart providing dynamic resistance. Price broke previous support than is now resistance-Price came back to retest that resistance.
SL:Just above current peak high.(1299)
TP:4hr trendline.(1292 area)
Note: -Trade might not activate or complete if volume decreases since markets are closing in 5 hours.
-I expect price to move up due to major trendline below price on the 4hr chart-momentum may decrease so this may happen next week.
SL:Just above current peak high.(1299)
TP:4hr trendline.(1292 area)
Note: -Trade might not activate or complete if volume decreases since markets are closing in 5 hours.
-I expect price to move up due to major trendline below price on the 4hr chart-momentum may decrease so this may happen next week.