Further break to the downside is unlikely as it is a key institutional support region.
Break to the upside if there is gap-down opening
break to the downside if gap up with filling
Wait for a retracement before entering the trade.
Please trade with caution as the markets are highly volatile.
Take the trade only on second candle confirmation after a signal is received.
14600 will be a vital region and behaviour at the region will set the tone for the week ahead.
The BNF is about to break a downward channel and correct after the COVID-corrective bull run.
Sell if the BNF confirms the 15m Bearish trend and take profits at 33530-33540
If there is gap up openning then wait for gap to be filled.
If the there are more positive fundamental cues (Highly unlikely) Enter at the top buy zone after confirmation and TP at the...