Good evening all,
Today was a taste of what September will be like. Volatile. Historically it has been. But the peak margin rule change may witness some slowness. The daily, hourly, and 30M charts suggest some room above but we might as well see a range between 36500 and 36200. All we need is, for it to sustain above 36500 or below 36200.
So;
Long side view:
Buy above 36555
Target 1 - 36640
Above this TSL
Target 2 zone 36840 - 36865
(Long SL - 36400)
---------------
Short side view:
Sell below 36215
Target 1 - 36140
Below this TSL
Target 2 zone 35985 - 35920
Target 3 - 35795
(Short SL - 36375)
*** This is a view and not necessarily a trade recommendation ***
However, If you like my idea..., do spread the word.
Today was a taste of what September will be like. Volatile. Historically it has been. But the peak margin rule change may witness some slowness. The daily, hourly, and 30M charts suggest some room above but we might as well see a range between 36500 and 36200. All we need is, for it to sustain above 36500 or below 36200.
So;
Long side view:
Buy above 36555
Target 1 - 36640
Above this TSL
Target 2 zone 36840 - 36865
(Long SL - 36400)
---------------
Short side view:
Sell below 36215
Target 1 - 36140
Below this TSL
Target 2 zone 35985 - 35920
Target 3 - 35795
(Short SL - 36375)
*** This is a view and not necessarily a trade recommendation ***
However, If you like my idea..., do spread the word.
Trade closed: target reached:
Both targets achieved.... Hope you made good money today again