Emal Haq — Transparency posted, not promised. Daily chart analysis with the reasoning. SL is SL. TP is TP. No excuses. Nothing gets deleted Educational content only. Not financial advice.
The price is approaching the descending trend line (resistance), but a breakout has not yet occurred. If it shows rejection and closes with a proper bearish candle, a sell trade could be taken upon confirmation.
The price is currently at a resistance zone. If it faces rejection from the resistance and closes with a proper bearish candle, a sell trade could be considered upon confirmation.
The price is in a downtrend but is bouncing back after showing rejection at the support zone. If the support holds, a buy position can be considered upon confirmation.
The price has been in a downtrend and has now reached a strong support zone. If the support holds and a proper bullish candle closes, one could consider a buy position upon confirmation.