For a daily swing trend,
At 4H time frame there was a breakout for inverted H&S & descending triangle pattern.
From the CMP the target till the daily resistance, the SL considering the Inverted H&S or Daily support the risk : reward ratio are 1:44 and 1:25 are respectively.
Both the risk : reward ratios are good.
If my description is confusion please watch the video. haha :-)
At 4H time frame there was a breakout for inverted H&S & descending triangle pattern.
From the CMP the target till the daily resistance, the SL considering the Inverted H&S or Daily support the risk : reward ratio are 1:44 and 1:25 are respectively.
Both the risk : reward ratios are good.
If my description is confusion please watch the video. haha :-)
Trade active
Note
There was SL hunting yesterday, but market came back to the breakout level.Note
105.8795 is a critical resistance at 4H time frame, if a 4H candle closes above this level can expect strong bull run.Note
the critical 4H resistance 105.8795 has broke.., Consider add more positions with tight SL.
Trade closed: stop reached
:-(
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Related publications
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.