Reason for long
a) this is the 2nd attempt of price to cross rainbow, which is now powered by consolidation, volume burst and price spike.
b) Indicator also given good support for long like QQE, renko, rainbow and POC support.
c) further, this setup has positive super vwap and super trend.
d) weekly and monthly breakout
SL compulsory
a) this is the 2nd attempt of price to cross rainbow, which is now powered by consolidation, volume burst and price spike.
b) Indicator also given good support for long like QQE, renko, rainbow and POC support.
c) further, this setup has positive super vwap and super trend.
d) weekly and monthly breakout
SL compulsory
Trade closed: stop reached