Engulfing @ significant Zone

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It seems that 374 level is strong demand zone. Parallel Channel, double bottom, RSI coming out of overbought zone and latest Engulfing bar suggesting a long trade with small stop loss. One can easily expect 2.5 times reward of risk being taken in this trade.
Disclaimer : All ideas and comments are my personnel view. Please take financial consultancy for trading decision.


Trade attivo
Trade attivo
Target (2.5 times of original risk)achieved however continuing with trailing SL.
Trade chiuso: stop raggiunto
Candlestick AnalysisDemand ZonePitchforksTrend Lines

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