Important Levels for 17/08/2022.
Another volatile day and again no supports being broken.
The largest sellers for today are concentrated in the zone 39270-39320. Unless we close a 15 min candle above this region, my bias will be to short.
In case of a flat open, ideal levels to short will be below 39270 with SL of 39320 for targets of 39220,39180,39100 and 39000.
If we open flat and trade up, then we can go long above 39320 with SL of 39270 for targets of 39420 and 39470, if buyers still show strength we can look for 39700 as our final targets.
Any big gap up or gap down and we must wait and then take positions.
Another volatile day and again no supports being broken.
The largest sellers for today are concentrated in the zone 39270-39320. Unless we close a 15 min candle above this region, my bias will be to short.
In case of a flat open, ideal levels to short will be below 39270 with SL of 39320 for targets of 39220,39180,39100 and 39000.
If we open flat and trade up, then we can go long above 39320 with SL of 39270 for targets of 39420 and 39470, if buyers still show strength we can look for 39700 as our final targets.
Any big gap up or gap down and we must wait and then take positions.
Trade active:
Entered shorts @ 39280, SL 39320