Prices moving in a horizontal zone indicate short -term trading potential and what is the continuity today?
From the whole chart, quite a week the market is moving in a horizontal position and the resistance and support levels have been set today.
Among the prices that are seen as the nearest support area are 1753.00- 1747.00 & 1737.00 any of these support levels in case of any rejection it can be used as a trading guide and be a target at the next level for short-term trading.
In addition the resistance level is at 1759.00- 1765.00- 1775.00
according to the overall market price, the uptrend is still dominant due to the increase that took place last week.
The price that opens at the price of 1759.00 will be the meeting point between the uptrend and the downtrend and it is good if looking for a setup that has confluence at the specified level so that it is clear what is being traded today.
Follow us to always know the science of trading as well as the latest updates on technical analysis & fundamental analysis
No comments:
Post a Comment