Looking like a breakout may form to prior highs in the pattern before retracing back down. Aiming to enter at a slightly lower price than CMP and take this to at least 25/30% of the Profit area before moving my SL to BE/Profit.
Taking in consideration the last bullish movement a retracement is the most probable outcome after that type of breakout. even if movement and sentiment is to carry on upwards after this. Hoping for the outcome to be easy i'll move my SL to breakeven the minute it gives me the chance and then it's Risk free.
Linear regression is showing strong downward pressure after the prior bull movement. Aligning with the previous closure of the weekly bullish candle price has lost upwards momentum and the final formations of a head and shoulders pattern can be seen playing out with the downward drop about to happen within the next few days. Expecting lots of wick volatility and...
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When it comes to Short/Mid-Term Trading there should be an opportunity to make major profits as it looks like its...