market has formed Bullish divergence on Bearish trend followed by Double Bottom formation. This indicates that market will now reverse the trend and we can expect bullish trend.
Entry will be taken after breakout of resistance level which is also a LH and TPs will be 1:1 and 1:2 accordingly. SL is placed slightly below the Double Bottom.
Entry will be taken after breakout of resistance level which is also a LH and TPs will be 1:1 and 1:2 accordingly. SL is placed slightly below the Double Bottom.
Trade closed: stop reached
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.