Hi mates, sharing 4H chart of AMD for my trading idea.
As we can see that 99.80 levels acting as a key levels for price and prior it gives bounce from there, and later this was resistance for it. Although current sentiments of market is not supported for long side trades but still i want to take a chance for long side trade if it will break resistance and closed above, targets and resistance marked on chart.
Shared an sell idea too on chart and if break support and close below can march towards below metion support based target too.
This is not and trade or investment advice. This idea is meant for learning only.
Best Regards happy trading- Amit
As we can see that 99.80 levels acting as a key levels for price and prior it gives bounce from there, and later this was resistance for it. Although current sentiments of market is not supported for long side trades but still i want to take a chance for long side trade if it will break resistance and closed above, targets and resistance marked on chart.
Shared an sell idea too on chart and if break support and close below can march towards below metion support based target too.
This is not and trade or investment advice. This idea is meant for learning only.
Best Regards happy trading- Amit
Note
Gap down open and now price is very well sustaing below support i assume that now this support will act as a resistance and can see a seeling pressure again from there Note
Price break it's support area which acted as resistance for it and now taking resistance which i marked for fresh long side trade, if break and close above we can see good momentum it matesNote
Price breaks fresh long marked resistance but did not able to close above so farNote
Almost reached to target one but took resistance because it is a resistance based target mates, if break target one we can see target two alsoNote
Target Update-:Resistance Target one complete friends
Trade closed: target reached
Target update-:After completing target on fully price reached very close to resistance based target two mates and took resistance from there, So closing this idea completly will publish a new one if i will go for any trade in it. Closing this idea under target tag because target one full done and target two just missed
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.