UBL Brewing down to its Major Support ??!!!
Обновлено
Chart patterns look apt for a short trade in UBL
REASONS
1. In Monthly time frame, UBL has been trading inside an Ascending channel pattern taking support and resistance at perfect levels till now.(shown below)
2. Right now, it is under its down swing move inside the Ascending channel pattern
3. In Daily timeframe, Bearish Flag pole pattern developing and due for BREAKDOWN!!!(shown below)
4. In 4 hr time frame, it is looking good to enter the trade (STRUGGLING TO MAKE HIGHER HIGH)
5. Entry can also be after a 2hr breakdown out of the flag pattern(pink line)
6. Target(bright green)& strict SL(bright red) levels mentioned as Horizontal dashed lines
Let's wait & watch how it moves!!!!
NOTE- Just sharing my view....not a tip nor advice!!!
Regards,
mmjimm ;-)
REASONS
1. In Monthly time frame, UBL has been trading inside an Ascending channel pattern taking support and resistance at perfect levels till now.(shown below)
2. Right now, it is under its down swing move inside the Ascending channel pattern
3. In Daily timeframe, Bearish Flag pole pattern developing and due for BREAKDOWN!!!(shown below)
4. In 4 hr time frame, it is looking good to enter the trade (STRUGGLING TO MAKE HIGHER HIGH)
5. Entry can also be after a 2hr breakdown out of the flag pattern(pink line)
6. Target(bright green)& strict SL(bright red) levels mentioned as Horizontal dashed lines
Let's wait & watch how it moves!!!!
NOTE- Just sharing my view....not a tip nor advice!!!
Regards,
mmjimm ;-)
Заметка
Breakdown!!!! needs to break 1422.65 to form a lower low confirmation!!!
Заметка
still inside the range!!!!Заметка
Made lower low!!!!Заметка
Day candle Breakdown with extraordinary volume!!!Сделка активна
1st Target done!!!!Заметка
Заметка
still respecting the level!!!!Заметка
WEEKLY Bearish Engulfing candle!!!still our levels intact!!!
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