Reasons behind the trade
1. It has given a breakout post brief consolidation
2. Started making new higher lows
2. RSI has also started to show some strength (above 50 now),
verdict - if you are a defensive or low risk-taker then one can probably wait for another re-test (if it gives a re-test) or one can enter with a small amount at current level
1. It has given a breakout post brief consolidation
2. Started making new higher lows
2. RSI has also started to show some strength (above 50 now),
verdict - if you are a defensive or low risk-taker then one can probably wait for another re-test (if it gives a re-test) or one can enter with a small amount at current level