Simple trade based on structure. My analysis shows the trend is bullish on the longer time frames and since price has made a pullback to the 786/618 level of the last impulse, I think it would be wise to go long here. around 161.87
Also the RSI is indicated oversold.
Remember might not work, so trade your own plan, i'm sharing to teach myself. If this helps then take use of it
Thank you
Comments
SaeedRehman
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Yes, It is possible to close the trade at 162.62 area.. not sure about going short as that would depend of your trading plan. I will be staying long.
I am certain you will easily get the 162.62 level.
Good Luck
ShahidKhan
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very nice trick, but i m using fibonacci retracement, it also show 15 min bullish trend, and than reverse after touch 162.62
m i right?
I am certain you will easily get the 162.62 level.
Good Luck