As you can see market has beautifully played a HH and HL formation in bigger picture. Now market is moving in a parallel channel and it seems like, market is taking a correction move of the LEG AB uptil FIb level of 0.618 before again continuing in a bearish run.
Trade plan is to look for the buy opportunity. we can plan trade with a entry on break of neck line as mentioned, once the entry is triggered we can plan TP with 1:1 and stop loss below HL / trendline / support level.
if the channel is broken, we can set TP2 as defined in the chart.
Trade plan is to look for the buy opportunity. we can plan trade with a entry on break of neck line as mentioned, once the entry is triggered we can plan TP with 1:1 and stop loss below HL / trendline / support level.
if the channel is broken, we can set TP2 as defined in the chart.
Pernyataan Penyangkalan
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Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.