Price is moving within the range of 1080 to 1106 for the past few days. How we can trade on it?
1. Buying at the support & selling at resistance.
2. Selling at resistance & buying at support.
3. If the price in moving without testing support/resistance, it means the range is narrowing and we have to wait for direction confirmation.
I just listed 3 possibilities, but there are many.
Buy above 1085 with the stop loss of 1079 for the targets 1091, 1097 and 1103.
Note : Do your own analysis. You are responsible for whatever you do.
1. Buying at the support & selling at resistance.
2. Selling at resistance & buying at support.
3. If the price in moving without testing support/resistance, it means the range is narrowing and we have to wait for direction confirmation.
I just listed 3 possibilities, but there are many.
Buy above 1085 with the stop loss of 1079 for the targets 1091, 1097 and 1103.
Note : Do your own analysis. You are responsible for whatever you do.
Trade active:
Long.
Comment:
T2 done.