DCW looks good to give a good move on upside!
Analysis:
DCW has given a good breakout on Weekly TF.
2 Higher Lows are visible on the chart before the breakout.
It also appears to be a breakout of Mother Candle.
Breakout of small C&H is also seen on the chart.
Moving 1 timeframe lower:
On Daily, we can see nice contraction before the breakout. Volumes also show the strength! Let's plan entry on retest (levels mentioned below)
So what next ?
Go Long !!
Entry 1 @ 62.50
Entry 2 @ 60.30
SL: 56 (WCB)
It can do 100++ in coming days!
Target 1: 85
Target 2:107
Risk:Reward looks good! Let's see how our study goes..
Happy Trading !
Analysis:
DCW has given a good breakout on Weekly TF.
2 Higher Lows are visible on the chart before the breakout.
It also appears to be a breakout of Mother Candle.
Breakout of small C&H is also seen on the chart.
Moving 1 timeframe lower:
On Daily, we can see nice contraction before the breakout. Volumes also show the strength! Let's plan entry on retest (levels mentioned below)
So what next ?
Go Long !!
Entry 1 @ 62.50
Entry 2 @ 60.30
SL: 56 (WCB)
It can do 100++ in coming days!
Target 1: 85
Target 2:107
Risk:Reward looks good! Let's see how our study goes..
Happy Trading !