Market is opening after a long Off on Monday.
There's a possibility of price to move move on either side.
Price is @ important support.
Price can reverse from 3 zones if market opens bearish.
* After GAP filling
* @ 37000 levels or
* @ Previous Point of Break.(near 36500 levels)
So, trade accordingly, watching the price carefully, cuz the price can reverse from anywhere in between this levels also.
Till the reversal sign, we can look for short Positions.
If the market opens flat/ Gap Up,
Safe traders wait for the price to break the upper resistance zone(37900& above) with impulse, so that we can take a long position @ retest/retracement.
Keep Target & SL according to your analysis.
Only try to enter positions after retest and a confirmation. so that, SL would be minimal.
All the best Guys, Trade Safely...
There's a possibility of price to move move on either side.
Price is @ important support.
Price can reverse from 3 zones if market opens bearish.
* After GAP filling
* @ 37000 levels or
* @ Previous Point of Break.(near 36500 levels)
So, trade accordingly, watching the price carefully, cuz the price can reverse from anywhere in between this levels also.
Till the reversal sign, we can look for short Positions.
If the market opens flat/ Gap Up,
Safe traders wait for the price to break the upper resistance zone(37900& above) with impulse, so that we can take a long position @ retest/retracement.
Keep Target & SL according to your analysis.
Only try to enter positions after retest and a confirmation. so that, SL would be minimal.
All the best Guys, Trade Safely...