On daily TF, GGL is following the bullish parallel channel. Price is almost at the bottom support of the channel with 45% Fib retracement. Therefore, one can enter the trade at this time.
Trade Values:
Buy1: 13.95 (Current Market Price)
Buy2: 13.55
SL: 13.50
TP-1: 18.27
TP-2: 19.95
Trade Values:
Buy1: 13.95 (Current Market Price)
Buy2: 13.55
SL: 13.50
TP-1: 18.27
TP-2: 19.95
Trade closed: stop reached
Stop Loss Hit. Now new best Buying position will be 10.75 with SL 9.10 . However, keep it in mind that it may bounce back from support at 12.44 . Therefore, one may need to initiate Buying if it bounces from there and crosses 12.60.
Note
Price has again gone back in the parallel channel. Trade can be taken again at current market price.
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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.