Price was moving up steady by taking trend line support. Now it has broken it and consolidating.
Trend direction deciding zone is 2916 - 2924. Safe buy is to watch how the price is reacting at the zone and trade.
Buy above 2900 with the stop loss of 2886 for the targets 2916, 2936, 2952 and 2978.
Sell below 2870 with the stop loss of 2886 for the targets 2854, 2838, 2822 and 2804.
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Note : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
You are responsible for whatever you do.
Trend direction deciding zone is 2916 - 2924. Safe buy is to watch how the price is reacting at the zone and trade.
Buy above 2900 with the stop loss of 2886 for the targets 2916, 2936, 2952 and 2978.
Sell below 2870 with the stop loss of 2886 for the targets 2854, 2838, 2822 and 2804.
Check the live market updates.
Hit the like button to Rock !! Show some energy !!
Note : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
You are responsible for whatever you do.
Comment:
Within the trend line resistance and consolidation zone.
Trade active:
Long.
Comment:
T1 done. Price have to sustain above 2920 zone to move up further,
Trade closed: target reached:
BO once trend direction deciding zone gained strength.