Context:
Price formed a lil range between 12250 / Resistance and 11500 / Support , so traades based on the extremes
are the way to go, ie. reversals.. and of course if there is a breakout one can try to hop in on the pullback ,
for now price is in balance
Trading opportunities:
Long:
Breakout thru minor resistance at 12250 + pullback
reversal at minor support 11500
Short:
Reversal at minor resistance 12250
Signs of strength:
broken supplyline
minor support
Signs Of weakness:
minor resistance
Support:
11500
11215
Resistance:
12250
12700
invezted.com
Price formed a lil range between 12250 / Resistance and 11500 / Support , so traades based on the extremes
are the way to go, ie. reversals.. and of course if there is a breakout one can try to hop in on the pullback ,
for now price is in balance
Trading opportunities:
Long:
Breakout thru minor resistance at 12250 + pullback
reversal at minor support 11500
Short:
Reversal at minor resistance 12250
Signs of strength:
broken supplyline
minor support
Signs Of weakness:
minor resistance
Support:
11500
11215
Resistance:
12250
12700
invezted.com
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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.