Good morning all,
Friday: Our Target on the long side was met and then index went into a range. However, it created a structure for us to potentially trade on today.
Today: We may see some quick movements and then mostly a range bound. Why?, Because Index is hovering around the resistance area and RSI at 56. and the short is way down below.
So;
Long side view:
Buy above 37865
Target 1 zone 37980 - 38050
TSL above this
Target 2 - 38130
(Long SL - 37750)
---------------
Short side view:
Sell below 37410
Target 1 - 37185
TSL below this
Target 2 zone 37050 - 37000
(Short SL - 37570)
*** This is a view and not necessarily a trade recommendation ***
However, If you like my idea..., hit like, follow me, and do spread the word.
Friday: Our Target on the long side was met and then index went into a range. However, it created a structure for us to potentially trade on today.
Today: We may see some quick movements and then mostly a range bound. Why?, Because Index is hovering around the resistance area and RSI at 56. and the short is way down below.
So;
Long side view:
Buy above 37865
Target 1 zone 37980 - 38050
TSL above this
Target 2 - 38130
(Long SL - 37750)
---------------
Short side view:
Sell below 37410
Target 1 - 37185
TSL below this
Target 2 zone 37050 - 37000
(Short SL - 37570)
*** This is a view and not necessarily a trade recommendation ***
However, If you like my idea..., hit like, follow me, and do spread the word.
Order cancelled:
Gap up denied entry