Hello everyone.
As you can see price didnot manage to break below the orange line and got rejected. Then it broke the resistance and pulled back to it and got rejected.
We are also at the buttom of the kumo in 2hr timeframe.
I suggest you to go long targeting 44500 and 49000.
SL: close of a 1h candle below the horizontal line
NFA
If you like my ideas, pls like and comment.
More precise analysis on the way.
As you can see price didnot manage to break below the orange line and got rejected. Then it broke the resistance and pulled back to it and got rejected.
We are also at the buttom of the kumo in 2hr timeframe.
I suggest you to go long targeting 44500 and 49000.
SL: close of a 1h candle below the horizontal line
NFA
If you like my ideas, pls like and comment.
More precise analysis on the way.
Comment:
If you want to avoid being stopped out, you can put your SL at 39600. But it will decrease the R/R
