Hi Traders,
The higher time frames indicate we are in a short term Uptrend. Price found Support at 1.31583(Yellow) level. If price breaks and close above 1.31789(Green) level, we can enter in a long position for a possible target at 1.31971(Red) with a stoploss maintained below 50SMA. At the time of this trade setup price has to be above the 50SMA.
For queries comment below and dont forget to like and follow.
Happy Trading....
The higher time frames indicate we are in a short term Uptrend. Price found Support at 1.31583(Yellow) level. If price breaks and close above 1.31789(Green) level, we can enter in a long position for a possible target at 1.31971(Red) with a stoploss maintained below 50SMA. At the time of this trade setup price has to be above the 50SMA.
For queries comment below and dont forget to like and follow.
Happy Trading....