MCX is taking support at 0.382 Fib Level and is also forming a triangle format
Take trade on breakout of the triangle pattern.
Possibility 1:
Long after the breakout on the upside with a stop loss of 1425
Possibility 2:
Short if 1470 is broken on the downside. the best entry would be after a retest of 1470
Take trade on breakout of the triangle pattern.
Possibility 1:
Long after the breakout on the upside with a stop loss of 1425
Possibility 2:
Short if 1470 is broken on the downside. the best entry would be after a retest of 1470
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.