- Weekly has struggled to go below 122.50 leaving long tail below.
- 123.30 area was previous resistance now support.
- Higher high formed, hinting the start of wave-2 motive.
- Potential to reach next resistance points :
Entry point Long : CMP or any pullback ; TP1 : 125.90, 126.50, 127.20 128.40 ; SL 122.25 area.
Risk Reward 1:2.3
Always remember to trade with stop-loss, market is crazy & cunning*
Much patience is needed for this trade, good luck.
Awaiting pullback to enter more to next target.
I hope you guys enjoyed my analysis.