price created a small structure with a small resistance at 1716.18 & support at 1705.86 from the start of this week while making a breakout of the downtrend channel.
now price if breaks out of the structure on the long or short side then it might move to the next support and resistance in the direction of the breakout which are, support at 1699.36 & resistance at 1723.37.
look out for fakeouts as well. wait for break & close & bos in 15 to 30 min tf to look for trades.
now price if breaks out of the structure on the long or short side then it might move to the next support and resistance in the direction of the breakout which are, support at 1699.36 & resistance at 1723.37.
look out for fakeouts as well. wait for break & close & bos in 15 to 30 min tf to look for trades.
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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.