Long Wick on 1-Day Time Frame indicates seller losing momentum. After giving respect to the previous support zone the chart initiates an upside rally.
Furthermore, the chart is following the dow theory while making HHs & HLs and rising lower trendline.
The above indicators depict a bullish trend. Hence, will wait for the price to hit the rising lower trend line and take entry. SL will be set on the support zone.
Furthermore, the chart is following the dow theory while making HHs & HLs and rising lower trendline.
The above indicators depict a bullish trend. Hence, will wait for the price to hit the rising lower trend line and take entry. SL will be set on the support zone.
Trade active:
1TP Hit. Now will ride the trend.
Trade closed manually:
In profit.