According to the lines of support and resistance, we find that there is a risk of buying above resistance and selling below support.But according to RSI and Tenkan Sen and Kijun sen, Probability of Buy position is more.For this purpose,We put Buy Stop top of resistance line and put Sell Limit under support line.
Possible BAT PATTERN structure, TP1 set at 38.2% of AD legs, possible TP2 at trendline bounce, if not, we'll wait until EMA cross, also waiting for RSI OB Cond at 70
Entry: 1250.00 Target 1: 1243.00 Stop: 1252.00 RR: 3.5:1 Recent ascending triangle breakout. Looking for price to touch 1250.00 and then retreat to pivot @ 1243.00. Good luck!
Going short for an hour 2-3 hour trade - Profitable if reaches .38