Price has bounced back form the bullish trendline again as marked by green arrow, currently it's facing rejection form the confluence of Resistance 1 and bearish trendline at the level of 65,780.
It might decline and take support of S-1. After that we are expecting the move to continue in the bullish direction, this move will only get confirmed at R-1(65800) above that it might be a good opportunity to take long entry.
Strong Resistance on the price structure is at 67000 and strong support is at 64600.
Overall structure is bullish, high chances of continuation hence our outlook remain on bullish to sideways direction, buying trades should be preferred at strong support or after breakouts. Wait for confirmation before taking fresh entries.
For Educational Purposes only, Not an Investment Advice, Always use strict Risk management measures.
Regards CrazyTrades247.
It might decline and take support of S-1. After that we are expecting the move to continue in the bullish direction, this move will only get confirmed at R-1(65800) above that it might be a good opportunity to take long entry.
Strong Resistance on the price structure is at 67000 and strong support is at 64600.
Overall structure is bullish, high chances of continuation hence our outlook remain on bullish to sideways direction, buying trades should be preferred at strong support or after breakouts. Wait for confirmation before taking fresh entries.
For Educational Purposes only, Not an Investment Advice, Always use strict Risk management measures.
Regards CrazyTrades247.
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+91-9238387447
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Join Telegram Channels for more Trades ideas 🧿
🟢For Forex and International Commodities
t.me/CrazyTrades247_FX_International
Connect us
+91-9238387447
crazytrades247@gmail.com
🟢For Forex and International Commodities
t.me/CrazyTrades247_FX_International
Connect us
+91-9238387447
crazytrades247@gmail.com
Verbundene Veröffentlichungen
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.