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.