DCW has given a good breakout on Weekly TF. 2 Higher Lows are visible on the chart before the breakout.
It also appears to be a breakout of Mother Candle. Breakout of small C&H is also seen on the chart.
Moving 1 timeframe lower: On Daily, we can see nice contraction before the breakout. Volumes also show the strength! Let's plan entry on retest (levels mentioned below)
So what next ? Go Long !!
Entry 1 @ 62.50 Entry 2 @ 60.30
SL: 56 (WCB)
It can do 100++ in coming days!
Target 1: 85 Target 2:107
Risk:Reward looks good! Let's see how our study goes..
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