Yesterday price moved up about 4.2% now it seems like it's slowing down, we should be cautious in taking fresh long entries as price might consolidate or retrace till the level of 4221, with said that doesn't mean taking shorts to capture corrective moves for the upswing we saw.
Ideally we should be waiting till we find some nice bullish setup or a range bound consolidation breakout of which would trigger buying signal.
Immediate support is at 4225, and significant resistance is at 4380.
Patience is the key for today. Buying trades should be preferred as momentum is very strong.
For Educational Purposes only, Not an Investment Advice, Always use strict Risk management measures.
Regards CrazyTrades247.
Ideally we should be waiting till we find some nice bullish setup or a range bound consolidation breakout of which would trigger buying signal.
Immediate support is at 4225, and significant resistance is at 4380.
Patience is the key for today. Buying trades should be preferred as momentum is very strong.
For Educational Purposes only, Not an Investment Advice, Always use strict Risk management measures.
Regards CrazyTrades247.
Trade attivo
Bounced back form the support of 4221 as expected now, it may retest 4370.
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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
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.