MCX Potential Candidate for a trade
MCX is taking support at 0.382 Fib Level and is also forming a triangle format
Take trade on breakout of the triangle pattern.
Possibility 1:
Long after the breakout on the upside with a stop loss of 1425
Possibility 2:
Short if 1470 is broken on the downside. the best entry would be after a retest of 1470
Take trade on breakout of the triangle pattern.
Possibility 1:
Long after the breakout on the upside with a stop loss of 1425
Possibility 2:
Short if 1470 is broken on the downside. the best entry would be after a retest of 1470
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