Monday Market Analysis
Current Price: 2644
Trade Idea:
We're monitoring a potential buying opportunity at the weak support level. If price action indicates rejection at this level, we'll consider entering a long position. Conversely, if no rejection occurs, then we have to look for second support level if theres a rejection happen enter a buy position for Monday.
Key Levels to Watch:
- Weak Support: Potential entry point for long position
- Weak Resistance: Initial profit-taking target
- Strong Resistance: Secondary profit-taking target
Important Reminder:
Always conduct your own thorough analysis before executing any trade. This idea serves as general market commentary and is not personalized investment advice.
Follow for more market insights and updates.
Current Price: 2644
Trade Idea:
We're monitoring a potential buying opportunity at the weak support level. If price action indicates rejection at this level, we'll consider entering a long position. Conversely, if no rejection occurs, then we have to look for second support level if theres a rejection happen enter a buy position for Monday.
Key Levels to Watch:
- Weak Support: Potential entry point for long position
- Weak Resistance: Initial profit-taking target
- Strong Resistance: Secondary profit-taking target
Important Reminder:
Always conduct your own thorough analysis before executing any trade. This idea serves as general market commentary and is not personalized investment advice.
Follow for more market insights and updates.
Note
theres a strong selling zone at 2655 we can consider sell now!
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.
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.