Important Levels for 30/08/2022.
A big gap down but after that not much strength was seen from the sellers and the buyers defended 38400 levels brilliantly.
If we open flat and sustain above today's high @ 38560 for a 15 min candle, a wonderful trade opens up with final targets of 39218. Partial positions can be booked at 38740 and 38960. SL can be of 80-100 points and trailed accordingly.
On the down side, risky trades will be below 38230 with today's low @ 38137 as first reference, but RR does not look that good, here one can look for quick scalps if possible. 37890-38080 the previous buyer zone can act as good support.
I will be preferring to buy than sell tomorrow.
A big gap down but after that not much strength was seen from the sellers and the buyers defended 38400 levels brilliantly.
If we open flat and sustain above today's high @ 38560 for a 15 min candle, a wonderful trade opens up with final targets of 39218. Partial positions can be booked at 38740 and 38960. SL can be of 80-100 points and trailed accordingly.
On the down side, risky trades will be below 38230 with today's low @ 38137 as first reference, but RR does not look that good, here one can look for quick scalps if possible. 37890-38080 the previous buyer zone can act as good support.
I will be preferring to buy than sell tomorrow.
Trade closed: target reached:
38800-39218