On daily TF, Price is in sideways for the past few days. A sharp move can be expected if it breaks resistance of 8.90.
Historically price has been moving up by making Elliott Impulse Waves. Therefore, price may either follow the pattern and price may go down after testing the TP-1. Or may continue going up in the drawn parallel channel to test TP-2.
Trade Call
Buy-1 : 9.0
SL: 7.07
TP1: 11.97
TP2: 14.05
Historically price has been moving up by making Elliott Impulse Waves. Therefore, price may either follow the pattern and price may go down after testing the TP-1. Or may continue going up in the drawn parallel channel to test TP-2.
Trade Call
Buy-1 : 9.0
SL: 7.07
TP1: 11.97
TP2: 14.05
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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.
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.