a higher 3rd base is shaped. Going long from here. Entry at the close of the candle.
Expecting this break to be a fake breakout, IF the price moves back into the channel fast, I will go short till the price touches bottom line. Most of the time prices moves back to the bottom line after a false breakout. RRR is 1 to 5 Good Luck
Expecting a turn back into the channel, IF turns back with a thick fat bullish candle, will go long till top. RRR is 1 to 4 Good luck
As soon as the price moves into the channel and 4HR candle closes inside, I will go shour until bottom line. RRR is 1 to 4 Good Luck
From now on, as soon as I see a bullish 4HR candle I am in for long till top. Breakout has happened on 23rd, price tested back and ready to jump. RRR is 1 to 4 Good Luck
Fake breakout has happened on 24th and price went back into the parallel channel. I am expecting that the price will make a last touch on the bottom line, then I will look for the hard push into the channel till the top line. RRR is 1 to 3.50 Good luck
A breakout did not happen on top of the parallel channel and price moved back fast. Expecting a touch back on 76.400 - 76.500 area and after the touch, IF the next 4HR candle closes inside the channel, nice opporunity to go short. RRR is 1 to 6 - 6.5 Good luck
A second touch the 1.066 - 1.067 and a false breakout is expected. IF the prices go back into the channel and a 4H candle closes inside the channel, it will be a great opportunity to go short. Price mostly moves back down to bottom line after a false breakout from top. This will be a 1 to 3 RRR Good luck
A second touch the 0.69 and a false breakout is expected. IF the prices go back into the channel and a 4H candle closes inside the channel, it will be a great opportunity to go short. Price mostly moves back down to bottom line after a false breakout from top. This will be a 1 to 4 RRR Good luck
A second touch the 0.63 and a false breakout is expected. IF the prices go back into the channel and a 4H candle closes inside the channel, it will be a great opportunity to go short. Price mostly moves back down to bottom line after a false breakout from top. This will be a 1 to 4 RRR Good luck
Hello friends, as the fake breakout happened on 20 April, price retraced back into the channel on 22nd. Long position from 7100 area is expected to move to 8000 area