Reasons behind the trade
1. It has given a breakout post brief consolidation
2. Started making new higher lows
2. RSI has also started to show some strength (above 50 now),
verdict - if you are a defensive or low risk-taker then one can probably wait for another re-test (if it gives a re-test) or one can enter with a small amount at current level
1. It has given a breakout post brief consolidation
2. Started making new higher lows
2. RSI has also started to show some strength (above 50 now),
verdict - if you are a defensive or low risk-taker then one can probably wait for another re-test (if it gives a re-test) or one can enter with a small amount at current level
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.
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.