Range Bound

Launch Chart
KUNAL KAMBLE
T
·
Jun 28 2023
snapshot
Security is trading in a range. The Security is consolidating between 16.18-14.88 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.

Condition 1.
If the breakout is on the upside the Security has to close above 16.18 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.

Condition 2
If the breakout is on the downside the Security has to close below 14.88 levels, wait for one candle to close below the level, and if it is able to close below the mentioned level start selling.
Advice: Trade as Per Breakout