Wedge and Double Bottom , probable trend reversal.
Got into bull channel and bear leg rejection within this bull channel by today's candle (buying Pull back).
There is a probability of a smaller pull back next couple of days. So bull confirmation above 95 levels.
Got into bull channel and bear leg rejection within this bull channel by today's candle (buying Pull back).
There is a probability of a smaller pull back next couple of days. So bull confirmation above 95 levels.
Comment:
So the probability favoured the trade and so I took trade @95.5, now looking at weekly chart I see some resist in the zone of 99.5(50% resistance zone) to 102(previous reversal points), that can bring minor pull back(40% probability). So I will hold with 95.5 SL (BreakEven).
Trade closed: stop reached:
This is no longer valid. SL hit.