The price has been falling since sep 2021 making lower highs and lows, if we draw a trend line starting from sep 2 and nov 15, the trendline was tested again and got validated on jan 14. it made a low in the month of march from there it went into consoiladtion where it failed to close above 600.
Now the price has succesfully closed above trend line but again failed to give a close above that 600 range. If the price trades above that range then it can be a good entry point.
Entry= 605 (on closing basis)
Target=645, 675
SL= 560 or below breakout candle's low
Now the price has succesfully closed above trend line but again failed to give a close above that 600 range. If the price trades above that range then it can be a good entry point.
Entry= 605 (on closing basis)
Target=645, 675
SL= 560 or below breakout candle's low
交易進行
Consolidation near breakout good sign. Might see a sudden move as it crosses 200 ema.交易結束：達到停損點
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