For a daily swing trend,
At 4H time frame there was a breakout for inverted H&S & descending triangle pattern.
From the CMP the target till the daily resistance, the SL considering the Inverted H&S or Daily support the risk : reward ratio are 1:44 and 1:25 are respectively.
Both the risk : reward ratios are good.
If my description is confusion please watch the video. haha :-)
At 4H time frame there was a breakout for inverted H&S & descending triangle pattern.
From the CMP the target till the daily resistance, the SL considering the Inverted H&S or Daily support the risk : reward ratio are 1:44 and 1:25 are respectively.
Both the risk : reward ratios are good.
If my description is confusion please watch the video. haha :-)
Trade active
Comment:
There was SL hunting yesterday, but market came back to the breakout level.
Comment:
105.8795 is a critical resistance at 4H time frame, if a 4H candle closes above this level can expect strong bull run.
Comment:
the critical 4H resistance 105.8795 has broke..,
Consider add more positions with tight SL.
Consider add more positions with tight SL.
Trade closed: stop reached:
:-(
