The following points need to be considered before entering a trade:
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1. A good accumulation near the level of 1950 is observed.
2. A good contraction pattern indicates a sharp breakout of the zone.
3. Price is repeatedly testing its 200 ema making Higher lows.
Considering these points, a trade can be entered as follows:
Entry - 2277, SL 2150, Tgt 2550, RR 1:2
DISCLAIMER: This is NOT a Trade recommendation, but only my observation. Please make your own analysis before entering any trade.
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1. A good accumulation near the level of 1950 is observed.
2. A good contraction pattern indicates a sharp breakout of the zone.
3. Price is repeatedly testing its 200 ema making Higher lows.
Considering these points, a trade can be entered as follows:
Entry - 2277, SL 2150, Tgt 2550, RR 1:2
DISCLAIMER: This is NOT a Trade recommendation, but only my observation. Please make your own analysis before entering any trade.
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