Important levels for 25/08/2022.
We now have had 2 days of almost same VA and seeing it get breached in the final 30 minutes. For tomorrow, once we break 17643 and see a 15 min candle close above it we can take longs and look for targets of 17690 and trail our positions till the previous seller reference of 17760-17834.
On the downside, we can take shorts when price goes below 17570 with SL of 17600 and wait for it to test the previous buyer reference at 17490-17450 zone.
If we see a big gap up we shall wait for VA to develop and then take positions.
We now have had 2 days of almost same VA and seeing it get breached in the final 30 minutes. For tomorrow, once we break 17643 and see a 15 min candle close above it we can take longs and look for targets of 17690 and trail our positions till the previous seller reference of 17760-17834.
On the downside, we can take shorts when price goes below 17570 with SL of 17600 and wait for it to test the previous buyer reference at 17490-17450 zone.
If we see a big gap up we shall wait for VA to develop and then take positions.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.