Context:
Price formed a lil range between 12250 / Resistance and 11500 / Support , so traades based on the extremes
are the way to go, ie. reversals.. and of course if there is a breakout one can try to hop in on the pullback ,
for now price is in balance
Trading opportunities:
Long:
Breakout thru minor resistance at 12250 + pullback
reversal at minor support 11500
Short:
Reversal at minor resistance 12250
Signs of strength:
broken supplyline
minor support
Signs Of weakness:
minor resistance
Support:
11500
11215
Resistance:
12250
12700
www.invezted.com
Price formed a lil range between 12250 / Resistance and 11500 / Support , so traades based on the extremes
are the way to go, ie. reversals.. and of course if there is a breakout one can try to hop in on the pullback ,
for now price is in balance
Trading opportunities:
Long:
Breakout thru minor resistance at 12250 + pullback
reversal at minor support 11500
Short:
Reversal at minor resistance 12250
Signs of strength:
broken supplyline
minor support
Signs Of weakness:
minor resistance
Support:
11500
11215
Resistance:
12250
12700
www.invezted.com