Important levels for 03/10/2022.
Last session we saw a good intraday move on the upside and we closed after facing resistance at the old seller reference. Looking at the charts from a weekly point of view we are still not above the composite profile.
For tomorrow, if we open flat all we need to do is wait unless we get a clear picture of who i in control as we see an immediate seller reference at 38929-39091 and buyer reference at 38444-38591. So till we rotate inside these zones I would prefer to wait.
For longs, once we open flat and trade above 39091 we can take positions with a 60-80 point SL for initial targets of 39318, followed by the old seller reference area of 39521-39740.
For shorts, once we break and sustain below 38444, we can look for targets of the buying reference of 37956-37749.
Last session we saw a good intraday move on the upside and we closed after facing resistance at the old seller reference. Looking at the charts from a weekly point of view we are still not above the composite profile.
For tomorrow, if we open flat all we need to do is wait unless we get a clear picture of who i in control as we see an immediate seller reference at 38929-39091 and buyer reference at 38444-38591. So till we rotate inside these zones I would prefer to wait.
For longs, once we open flat and trade above 39091 we can take positions with a 60-80 point SL for initial targets of 39318, followed by the old seller reference area of 39521-39740.
For shorts, once we break and sustain below 38444, we can look for targets of the buying reference of 37956-37749.
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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.
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.