If you are looking to short, those areas are high probability shorts
Coal India is forming a box pattern and also respecting the trend line. Keep on watchlist for breakout. Levels are mentioned in chart
NYSE:BOX Possible Scenario: LONG Evidence: Price Action TP1~ 23.7$. TP2 ~25 SL ~21.5$ as support Call options, Strike 25$, 05/21/21 20% Position | Risky Trade more rewards Call options, Strike 27$, 06/18/21 80% Position | * This is my idea and could be wrong 100%
Box Breakout Volume > Average Stochastic turned from oversold conditions RSI > 65 Buy @ 1760 ( High of previous breakout candle on 8th April 2021) Target 1960 being Height of box
Box Breakout Volume > Average on breakout Stochastic turning from oversold RSI = 55 < 20% Selling wick Breakout after Retracement Buy above 1843
Overall I am bearish Biased , so I want to see the 81.917 level violated and I want to see clear price action that price wants to move away from the level. However, if the 82.406 level is violated, I will go for a buy once price shows clear signs of momentum away from the 82.406 level. NO BREAK, NO TRADE. 1:3 RRR Goodluck my friends!
regarding our live trade, as asian market openS, price enters into a consolidation phase. still holding tp moves sl to entry and we have risk free trade baby. CHEERS!
Macro Bias Change on JPY pairs I see a bearish shift to then Yen in 2021. Therefore this setup has now been shifted to a long trade.