The weekly candle is a bearish candle; this pullback is testing the support point. The MACD histogram formed the 7th bar Below zero. Weekly ending at 39157.
MA9 crossed MA16, and the signal was confirmed on 6th May 2024. TKM v1.2 opened 6 Long contracts at the Open price of 38920 and took a profit of 39500.
This week, the market touched above 40000 psychological resistance, and the pullback hit our trailing stop. So, we liquidated the entries with a profit of 3480 points!
Order status: Long 6 contracts US30 at 38920, Took Profit 39500. The trade bagged us 3480 points.