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INTERLINK TELECOM PCLINTERLINK TELECOM PCLINTERLINK TELECOM PCL

INTERLINK TELECOM PCL

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ITEL trade ideas

ITEL | Wave Projection | Downtrend Channel Breakout - A-Wave?Price action and chart pattern trading setup: > A possible downtrend A-wave reversal zone at the 5-wave uptrend Head & Shoulders target > Now breakout downtrend 5-wave channel and developing an Inverse Head & Shoulders reversal pattern below SMMA200D zone. > If breakout successfully, A possible scenario for long entry, we could wait for price to retest its neckline. > Target zone 1 - 2 - 3 as follows: Inverse H&S SMMA200 zone, bullish channel target, and B-wave targeting 0.5 - 0.618 retracement zone. > Stoploss at inverse head & shoulders' head - 7 - 8% > Risk reward ratio: 2:1 / 2.5:1 / 3:1 respectively Always trade with affordable risk and respect your stoploss, nothing is 100%.
SET:ITELLong
by dukeposh