On 4h TF, Parallel channel has been drawn which has been respected by price for the last few days in this leg of Bull run. Price is about to reach the Channel lower support level and hence expected to bounce back from here. RSI indicator is also over all moving in upward trend.
Trade Values
Buy instant or Limit Buy : 19280
SL: 19140 (Below previous HL)
TP1: 19491 (previous HH)
TP2:19635 (close to parallel channel's upper line.
Trade Values
Buy instant or Limit Buy : 19280
SL: 19140 (Below previous HL)
TP1: 19491 (previous HH)
TP2:19635 (close to parallel channel's upper line.
Trade closed: stop reached
SL hit.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.