8200: Bullish_Inv. H&S_HH, HL FormationContinuous HH, HL formation
Price is showing few chart patterns (Inv. H&S, Ascending parallel channel)
Continuously forming HH, HL
Daily timeframe shows breakout of parallel channel
A correction can be expected which will be allow entry at better price.
trade with proper risk management.
Don't forget SL
Uptrend Continuation...?Though it has Broken the Parallel
Channel but there is Bullish
Divergence on Hourly TF.
However, there is a Tweezer Top
Candle formation on Weekly TF.
So if 8.70 is Crossed, we may
aww the Trend Contiuation.
Good Support seems to be around 7.60 - 7.80
Immediate Resistance is around 8.70 - 8.90