From Risk to Reward Ratio Point of View, it is more favorable for the bulls to go for long position after the hammer price action was successfully formed at the support area of the parallel channel.
Take profit at two levels:
TP1: 1950.2
TP2: 1951.7
SL when the price closes below 1944.9
Take profit at two levels:
TP1: 1950.2
TP2: 1951.7
SL when the price closes below 1944.9
