Ascending triangle pattern in Weekly timeframe. The current market is at Weekly support, if a 4H candle closes above 82.1400 can expect a bulls in the market.
The risk : reward ratio is 1:3 which is a good trade.
Fed meeting is on 26 July 2023, and expected to raise the interest rates by 0.25.
Trade attivo
4H candle has closed above 82.1400
Commento
CMP is 82.7750 , about to hit the target 82.8120
Commento
close the position if the 4H candle closes below 82.6400,
Reason :: If a 4H candle closes below 82.6400 the market can go down for a correction. So better to close the position and re-enter later.
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