The price is currently under the retracement zone in 1 hour time frame, a bullish movement can come from here, the price is around 2.97 and from here our first target will be 3.04 and after that we will trail.
Apart from this, the support zone of 7 August is also here and POC is also present here, so we are getting double confirmation that we can predict long from here
And also if we look at the Elliot wave indicator of cnagda trading tool, then it is also showing phase 3, so definitely a bullish movement should come from here
Our Sl will be 2.95 and risk:reward = 1:4
Apart from this, the support zone of 7 August is also here and POC is also present here, so we are getting double confirmation that we can predict long from here
And also if we look at the Elliot wave indicator of cnagda trading tool, then it is also showing phase 3, so definitely a bullish movement should come from here
Our Sl will be 2.95 and risk:reward = 1:4
Note
Price test Ny Session High After Re retest retracement levelNote
Price Try ny session for Bullish break, no reversal sign Note
i think trend sideways for some time so i close my entry and if you steel hold i suggest based on 5 min time frame price retest again 2.9655 but after then price defiantly touch my first targetNote
target done - For my followers and those who are using my indicator, this was only way they can use the Cnagda trading tool, that's it and thanks you for using my indicator
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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.
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.