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🔗 Key Technical / Direction: Short
Type: Short-Term Scalp
☑️ Bearish Retest
1980.00 Area
Reasons:
⚡️ - Overbought RSI signal on 15min Chart
⚡️ - Resistance at previous high
⚡️ - Fibonacci retracement level from recent swing
⚡️ - Psychological round number resistance
⚡️ - High Volume Node from VPVR (Volume Profile Visible Range)
⚡️ - Divergence on Stochastic indicator
☑️ Bullish Reversal
1960.00 Area
Reasons:
⚡️ - Oversold RSI signal on 15min Chart
⚡️ - Support at previous day's consolidation
⚡️ - Fibonacci golden zone from last major dip
⚡️ - Low Volume Node providing a 'spring' potential
⚡️ - Stochastic indicator showing potential reversal
⚡️ - Confluence with 200-period MA support
🔗 Key Technical / Direction: Short
Type: Short-Term Scalp
☑️ Bearish Retest
1980.00 Area
Reasons:
⚡️ - Overbought RSI signal on 15min Chart
⚡️ - Resistance at previous high
⚡️ - Fibonacci retracement level from recent swing
⚡️ - Psychological round number resistance
⚡️ - High Volume Node from VPVR (Volume Profile Visible Range)
⚡️ - Divergence on Stochastic indicator
☑️ Bullish Reversal
1960.00 Area
Reasons:
⚡️ - Oversold RSI signal on 15min Chart
⚡️ - Support at previous day's consolidation
⚡️ - Fibonacci golden zone from last major dip
⚡️ - Low Volume Node providing a 'spring' potential
⚡️ - Stochastic indicator showing potential reversal
⚡️ - Confluence with 200-period MA support
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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.