After retracing in a channel price is likely to reverse from here. Fib retracement 0.618 already touched and it may even touch 0.812 level.
RSI indicator is still bearish no prominent divergence, but it may reverse in a couple of days.
Technically very correct entry should be on break of parallel channel's upper line, however, if one wants to enter with better prices then here are the values.
Buy Trade Values
Buy 1: 144.00
Buy 2: 141.45
Buy 3: 135.00
TP 1 : 155
TP 2 : 170
SL: 127
RSI indicator is still bearish no prominent divergence, but it may reverse in a couple of days.
Technically very correct entry should be on break of parallel channel's upper line, however, if one wants to enter with better prices then here are the values.
Buy Trade Values
Buy 1: 144.00
Buy 2: 141.45
Buy 3: 135.00
TP 1 : 155
TP 2 : 170
SL: 127
Note
Hello my followers. Kindly see the updated idea on MFFL posted separately. I have updated it and it is important to note new SL level.
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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.