Weekly Trader's Analysis: Technical Trade Setup


If the Weekly closing comes below the blue trendline we can see a downfall till Orange Trendline.

One can Short with a SL of 1,676 (Current candle HIGH) for the target (Orange Trendline) approx 1,360

CMP: 1628
SL: 1,676
Target: 1,360
Risk = 48 points
Rewards = 268
R:R = ~1:5
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