• Resistance from 1200 to 1219 (Gap Zone) , can act as big hurdle for price. we are trying to catch top here.
• This trade seems very risky . to decrease this risk if price show reversal after touching a resistance at 1200 . then we will be safe to enter .
May there will be possibility that price will not going to give second chance . Although analysis idea published so early to be alert for it's activation.
• Entry:- 1183.80 break
• Downside Supports can become our targets.
Targets :- 1172.85
If sustain below trendline and first target which is 1172.85 , we can see more moves downside towards 1146.90 , 1131.95 , 1117
• Stop Loss / SL :- for shorttime short trade 1190
for longtime short trade 1203 Resistance zone (for this see position tool used on chart)
• This trade seems very risky . to decrease this risk if price show reversal after touching a resistance at 1200 . then we will be safe to enter .
May there will be possibility that price will not going to give second chance . Although analysis idea published so early to be alert for it's activation.
• Entry:- 1183.80 break
• Downside Supports can become our targets.
Targets :- 1172.85
If sustain below trendline and first target which is 1172.85 , we can see more moves downside towards 1146.90 , 1131.95 , 1117
• Stop Loss / SL :- for shorttime short trade 1190
for longtime short trade 1203 Resistance zone (for this see position tool used on chart)
Trade active:
Short time intraday trade is activated
Comment:
SL hit
Comment:
2nd trade given the first target . As action of whole markets is bullish , so be cautious of reversal upside . and book profits on every step.
Target given already 1172