1. Price is at strong support level at Day TF
15 Min TF
1. After a big fall, Price is consolidation in sideways at strong support and resistance level.
2. M Pattern has formed and expected to big breakdown if support level breaks.
3. 200 & 50 EMA has reacted at resistance indicating bearish.
4. Chances of forming bearish flag pattern
Risky Buy: Above 1100(Target 8 points)
Strong Sell: Below 1181(Target 20 Points)
Get confirmation from any of the leading indicators before entering trade
Kindy comment below in case of any clarification required. Please follow for more ideas
Trade closed: target reached
Target reached for upside if traded at given price.Now, Look for downside if price rejected from 200 EMA for bigger profits
Trade closed: target reached
As mentioned in above update. Downward trade also achieved profit
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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.