3LR /UP Sloping Channel

٢٦ نوفمبر ٢٠١٨

Price action has nicely formed UP Sloping Channel which is quite easy to trade. RSI above 50 is also confirming the decision and today's bar has made a 3LR reversal pattern. One can take the long position as the details given below

Entry 216
SL 208(closing)
Target 232
Risk/Reward Ratio 2,67
Disclaimer : All ideas are my personnel view. Please take financial consultancy for trading decision.

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Although it has not triggered the SL but closing the trade with small SL.