Price had a huge fall and now it is consolidating near an important support zone. In daily time frame 1450 - 1465 has double bottom support. If price gains strength at this zone, it can move up towards 1512. Otherwise the fall will continue further. This analysis is based on the assumption that price will take the support.
Buy above 1476 with the stop loss of 1458 for the targets 1493, 1512 and 1538. If the volume gains during this move then it can move up further.
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Note : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
You are responsible for whatever you do.
Buy above 1476 with the stop loss of 1458 for the targets 1493, 1512 and 1538. If the volume gains during this move then it can move up further.
Hit the like button to Rock !! Show some energy !!
Note : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
You are responsible for whatever you do.
Commento:
Broken the support.