Price consolidating for almost 2 months.
Breaking above this range and now price is trying for trend resumption.
Market Cycle for this is, Bull Trend > Range Extended > Breakout above Range > Breakout Pullback > Possible Bull Trend Resumption.
I am looking to buy on the dip. Seeing a 4H channel for a lower entry.
Maths for the Trade is good. 18% Risk vs 65% Reward.
Breaking above this range and now price is trying for trend resumption.
Market Cycle for this is, Bull Trend > Range Extended > Breakout above Range > Breakout Pullback > Possible Bull Trend Resumption.
I am looking to buy on the dip. Seeing a 4H channel for a lower entry.
Maths for the Trade is good. 18% Risk vs 65% Reward.
Note
Taking Entry from 10175. Expecting to get filled in the Dip. Trade Set-up
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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.