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 :-)
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There was SL hunting yesterday, but market came back to the breakout level.
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105.8795 is a critical resistance at 4H time frame, if a 4H candle closes above this level can expect strong bull run.
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the critical 4H resistance 105.8795 has broke.., Consider add more positions with tight SL.
@jaghukdd, the current swing(bear swing) is already in move in daily time frame, the correction is hard to predict cuz the corrective wave of a bear swing can stretch to any extend like PH(previous high) or HH(higher high). As the market is in bear, it's advisable to wait for the corrective wave to complete.
jaghukdd
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cmp 101.64 I am expecting next wk it may touch 103.39 then one more leg fall expecting near 100-99 level