Security is trading in a range. The Pair is consolidating between 369.60-367.75 we need to wait for the Pair to break beyond this level, if the Pair is able to break on either side, the following are the conditions that need to be followed.

If the breakout is on the upside the Pair has to close above 369.60 levels, wait for one candle to close above this level, if it is able to close above the mentioned level start buying.

If the RSI is trading above 73 ignore the breakout.

If the breakout is on the downside the Pair has to close below 367.75 levels, wait for one candle to close below the level, and if it is able to close below the mentioned level start selling.

Range Bound

Jun 08 2023