After the report, there was a significant upward gap followed by a period of consolidation known as a classic sideways movement or a range-bound market. Typically, when a breakout occurs from such a consolidation phase, it often indicates the formation of a sustained trend in the direction of the breakout.
TP1 430 TP2 457
SL 363
TP1 430 TP2 457
SL 363
Trade active:
tp1 reached, SL at BE
Trade closed: target reached:
Close at 413 +6.7%