The area shown for purchase is considered.Its 78.6% fibonacci retracement. Buy limit: 7000
Please see the chart clearly. You can see the pattern on the head and shoulders that if it crosses the neckline, it will expect a price drop.
A very nice double bottom pattern has been created in us30 daily chart and divergence can be seen in rsi as well, so you can start a buy in pullback movement to entry point but you have to follow capital management.
If price break neck line,pattern is complete. Buy stop: 86.10 Tp1: 86.9 Tp2: 87.3
Entry:0.6835 Tp: 0.6750 Stop: 0.6883 Risk to reward ratio:1.77
Entry:34660 Stop:34340 Tp:35600 Risk to reward ratio 1:3
Entry:67.10 Tp:64.20 Sl:68.9 Its a very good risk to reward ratio. Please trade safe. Thx
A very good risk to reward ratio for this trend. But its a 2 or 3 week trade.