Important Levels for 07/11/2022.
We played inside the previous day range and closed inside it. Once we break the PDH @ 41646 one can think of longs but I personally will avoid longs unless we trade above the old seller reference @ 41750-41850.
Once we trade above the mentioned zone we can see a 200+ point move on the up side and all we need to do is trail our SL.
For shorts if we find sellers coming in again at the seller reference zone then will go short with SL of 41850 for targets of 41470,41388 and the small buyer reference zone @ 41291-41321.
We played inside the previous day range and closed inside it. Once we break the PDH @ 41646 one can think of longs but I personally will avoid longs unless we trade above the old seller reference @ 41750-41850.
Once we trade above the mentioned zone we can see a 200+ point move on the up side and all we need to do is trail our SL.
For shorts if we find sellers coming in again at the seller reference zone then will go short with SL of 41850 for targets of 41470,41388 and the small buyer reference zone @ 41291-41321.