Key levels: 69.65, 70.32, 92.97
Price Action: There is formation of 2 inside bars, then breaks higher in a new begining uptrend showing higher probability of bullish behaviour
Potemtial trade idea: we are looking to go long and exit just below Hourly high.
Parameters:
Entry : 71.70
Stop Loss: 71.40
Take Profit: 72.64
Profit Taking Plan:
1. at break...
Key Levels: 1755.960, 1764.524, 1789.640,1832.017,1854.9
00, 1877.170
Price Action: On the daily close charts a long tailed pinbar has formed on 1755.960-1764.524 Support zone showing probability of bullish move.
Potential Trade idea: We are looking to go long and find entry position on lower time frames i.e H4 & H1 with High and Low of Entry candle as best...
Key Level: 4384.90, 4300.47, 4232.17, 4059.55
Price Action: The price has been smoothly trending down below the moving averages. there was a brief pullback when price reached KL 4300.47, The is formation of strong bearish engulfer hinting the trend wants to continue.
Potential Trade Idea: We are looking to go short with 50 % retrace to the engulfer to allow...
