The above analysis is based purely on price action & chart patterns.
The analysis is done on 60 min TF, hence it may take price to reach the targets in few days to few weeks.
Trade setup along with Entry strategies + SL & Targets are given in image itself.
Pls note that at this point, chances of breakout as well as breakdown, both are possible. Although chances of up-move are higher as per price movement
Traders can take the advantage of above study in intraday trades as well.
Traders must do their own study before entering into any trade. They must trade with their own money & risk management.
Feel Free to comment for any suggestion or query regarding price action analysis.
The analysis is done on 60 min TF, hence it may take price to reach the targets in few days to few weeks.
Trade setup along with Entry strategies + SL & Targets are given in image itself.
Pls note that at this point, chances of breakout as well as breakdown, both are possible. Although chances of up-move are higher as per price movement
Traders can take the advantage of above study in intraday trades as well.
Traders must do their own study before entering into any trade. They must trade with their own money & risk management.
Feel Free to comment for any suggestion or query regarding price action analysis.