A strong base for another climbing?
BUY
- Buy around 1.77 after the breakout from the consolidation
- Best entry was at the breakout of 1.63 with two inverted hammers which signified a shooting star and gravestone doji afterwards
- However, it rebounded after touching 1.63, opened at 1.64 and straight towards 1.77
SELL
- SL is around 1.70
- Observe accordingly since there are multiple resistances from years back
RATIONALE
- Reduced volatility towards the right of the chart
- Steel sector is doing great
**the analysis is solely for my own references and learning
- Buy around 1.77 after the breakout from the consolidation
- Best entry was at the breakout of 1.63 with two inverted hammers which signified a shooting star and gravestone doji afterwards
- However, it rebounded after touching 1.63, opened at 1.64 and straight towards 1.77
SELL
- SL is around 1.70
- Observe accordingly since there are multiple resistances from years back
RATIONALE
- Reduced volatility towards the right of the chart
- Steel sector is doing great
**the analysis is solely for my own references and learning
Note
Bound to challenge previous high
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.