UNO MINDA has been lately developing a structure of retest of a break of structure & has retested the imbalances, entry @542 looks good with a SL @524 & target @582 as marked. Volume is the key here, when it gave a breakout there was a good volume expansion and when it retested, volume faded!
This is also a retest of a descending triangle or sloping trendline, safe traders can wait for a follow up candle as confirmation to enter.
Use strict SL & Targets and also do your own research! Thanks for reading!
I welcome your views.
This is also a retest of a descending triangle or sloping trendline, safe traders can wait for a follow up candle as confirmation to enter.
Use strict SL & Targets and also do your own research! Thanks for reading!
I welcome your views.