Reasons :
1)its below the yellow ema line and it directing downwards
2)nice pattern trend
3)price action at 40,000 level
there are 2 support levels ,
the 1st support level would be our entry point and
the 2nd support level would be our take profit
as you can see i decreased a little amount of pips from take profit i.e 2nd support level because we want the market to hit our tp sucessfully
1)its below the yellow ema line and it directing downwards
2)nice pattern trend
3)price action at 40,000 level
there are 2 support levels ,
the 1st support level would be our entry point and
the 2nd support level would be our take profit
as you can see i decreased a little amount of pips from take profit i.e 2nd support level because we want the market to hit our tp sucessfully
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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.