According to the Harmonic Pattern, there is a Bullish Cypher pattern has created in BNF chart and as per trading possibility, i have mentioned a buying Level & all possible Targets to trade. Need to be careful on Target 1 as it's a 38.2% Level of fibonacci, can be a reversal point. if the price sustaining then can go for further Targets. Please have a look into the chart for detailing.
The above study has based on harmonic Patterns, Fibonacci levels & Price action.
If agree with the study, then Please LIKE....
The above study has based on harmonic Patterns, Fibonacci levels & Price action.
If agree with the study, then Please LIKE....
Nota
Price should be reverse from 35090-80...Then Target will be 35270.2nd Buy Level above 35420....Target - 35570
If Price Close Below 35000 then...
Target 1 - 34900
Target 2 - 34700
Target 3 - 34400
Nota
Book some profit around 35150-60....Nota
It seems just a small pullback....if crossed above 35160 and sustain with another Green candle then only follow till 35270.Nota
Wait for Buying Level...Up-side Above 35160
Down-side Below 35000
Nota
2nd Target has achieved also#2nd Buy Level above 35420....Target - 35570
Nota
Buy Above 35720Target 1 - 35800
Target 2 - 35900
Nota
Can Buy Near 35615-20 also, if price gives the chance...Nota
Target will be 35700-10, If bought near 35615-20Safe Trader can wait Till closing above 35720
Nota
SL will be 35540-30 for Buying 35615Nota
SL got hit...that's why i have mentioned that Safe trader wait...Now, Short Below 35535...
Target - 35420
Nota
LONG above 35720Target - 35875
SL - 35630
Take Entry in 5 minutes Timeframe
Nota
Wait for a Sustaining Green candle above the LevelNota
Level not Initiated....Price got reversed near the Level.Closing the Trade for today.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.