Bearish Indications :
* Major trend is Bearish but in consolidation phase since 22 Nov bumping between major support and resistance
* Resistance = 104.582 Support = 104.149
* Major trading channel not broken
* Double top chart pattern formation in progress
Bullish Indications
* Cup and Handle chart pattern being formed
Bias : Short
Plan A Entry @ 104.009
SL @ 104.417
TP @ 103.880
Plan B : Long
If there is trend reversal due to cup and handle formation
Entry @ 104.614
SL@104.366
TP@104.866
* Major trend is Bearish but in consolidation phase since 22 Nov bumping between major support and resistance
* Resistance = 104.582 Support = 104.149
* Major trading channel not broken
* Double top chart pattern formation in progress
Bullish Indications
* Cup and Handle chart pattern being formed
Bias : Short
Plan A Entry @ 104.009
SL @ 104.417
TP @ 103.880
Plan B : Long
If there is trend reversal due to cup and handle formation
Entry @ 104.614
SL@104.366
TP@104.866
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.