Bank nifty trade plan for 22/05/2023 As discussed in last post, BN trading below ATH, therefore it will consolidate below resistance if it has to give breakout
Considering the Friday price action, price opens gap up comes down and close back to near or above opening price, it looks like price have no intention to fall and have follow up
Trade plan can be near to support and resistance only
Tradelevels
Shor and Long idea on EURJPYas you can see on the chart, we set the strongest levels (2 long and 2 short levels)
we wait for 144.150 area to enter a short scalp trade and if price go higher we sell this pair on 145.320 levels as a strong resistance + order block area.
and we have 2 levels to enter long position.
We consider 139.8 area to enter a buy scalp and 138 levels for a long buy position.
apply proper risk and wish you the green positions.
Bitcoin Chart Levels📈 Bitcoin today has bounced off the 200 EMA on the 4-hour chart, for the third time in its most recent channel.
🏗️ We laid out the relative Fibonacci Levels, for if Bitcoin continues its trend of bouncing off the 200 EMA.
🏗️ Currently BTC is right at the 50 EMA for the 1-Day Chart. This is an important level, so for BTC to close a 4-hour candle above it, will strengthen the bounce upward.