After the 4H range bound breakout, a big bull rally happened but the daily High(2048.79) wasn't broken.
now in 1H time frame there is a bull swing, if 1H breaks 2045.52 then we can expect a small bull run.
risk reward ratio is 1:2, but now the market is at monthly resistance where selling pressure was high at 2020 & 2022 so trade with low risk and tight SL.
now in 1H time frame there is a bull swing, if 1H breaks 2045.52 then we can expect a small bull run.
risk reward ratio is 1:2, but now the market is at monthly resistance where selling pressure was high at 2020 & 2022 so trade with low risk and tight SL.
Trade active
the level 2045.52 has broke in 1H and along with that der was a DB pattern and neckline broke as well.Trade closed: stop reached
:-(
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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.