Price in consolidation phase; volume increased in upside Target placed at 38.2% fibo retracement.
Stop Loss at below the consolidation level.
Comment
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1st Profit Target Hit.
Re entry 4H #5 Elliot wave Re entry LONG @ 71.57 (38.2%) Re entry LONG @ 71.36 (50%) Re entry LONG @ 71.15 (61.8)
Comment
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Pending Order Placed to re-enter into Market
Re entry 4H #5 Elliot wave Re entry LONG @ 71.60(38.2%) Re entry LONG @ 71.40 (50%) Re entry LONG @ 71.20 (61.8)
Target @ 73.50
Reason to Trade:
Trade active
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Market is breaking the important trendline in daily chart; if it breaks forcefully, market is confirmed in the 2nd phase; retracing back to upside before continuing the downside trend