Price Action: On the daily close charts a long tailed pinbar has formed on 1755.960-1764.524 Support zone showing probability of bullish move.
Potential Trade idea: We are looking to go long and find entry position on lower time frames i.e H4 & H1 with High and Low of Entry candle as best position for SL and Entry point.
Parameters: Entry: 1780.940 Stop Loss: 1753.070 Take Profit: 1877.170
Profit taking plan: 1. at break even move stop loss to entry 2. at 2 TP move SL move to Break even and Trail stop
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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.