An inside bar has been formed at 200MA and a previous resistance that was broken after. RSI hasnt shown any considerable divergence yet, so it will be better to enter after confirming the breakout of the high of the inside bar pattern with stops just below the low of the pattern.
Enter at 117 with a stop loss of 111. Exit half the position at 124 and trail the other half. Second target would be at 129, where you can exit or move your trailing stops.
Price broke out of the tight trading range with an increasing volume. The rejection at the 288 region shows a selling pressure prevailing at the zone. Since the day closed higher, it is expected to give a move till at least 295 before the sellers step in to show their strength.
Entry will be above the day high and the stops just below the day low. Target 295 for...
Bearish pinbar with strong rejection and good volume formed above 900 levels. The level acted as a previous support and got broken and was tested multiple times as resistances. MACD histogram showing a peak in the upward momentum which can be the start of the downward move and ADX showing an increase in strength. Previous bullish move from 750 to 900 was kind of...
High volume rejection at the bottom 205 level followed by a high volume bullish bar showing bullish strength. The bearish pullback had lower volume indicating weakness in the bears. Any move further up and above the pullback will possibly create a new bullish trend.
