Macro Analysis
Analysis Time frame - Monthly & Weekly
Executions - (to be done at M15/M5)
I guess the correction is over and BNF is set to make fresh new highs.
To back it up by technical, BNF swiped last month low's liquidity and closed above, setting up bullish bias for upcoming month (September)
In the Weekly time frame price has displaced and created volume imbalances, we can plan our trades from the last POI (Volume imbalance)
Target will be Fresh highs ( @53357.70 & above)
Entry :- 50672-50515 (Approx),
SL :- 50262 (400 pt. approx)
Target :- 53357.70 & above (2500+ pts. approx)
RR :- 1 : 4.6
(This analysis is for educational purposes only and reflects my personal views. Please conduct your own research and analysis before making any trading decisions. I am not responsible for any losses. Trade responsibly.)
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