Important levels for 01/11/2022.
An inside day, with low volumes and hardly any continued momentum on either side. With ATH in sight we need good volume support to break and sustain above it else the old seller reference zone at 41750-41850 will see fresh sellers coming in.
For tomorrow, the important level will be the seller reference area of friday's session @ 41566-41633. If we see price unable to break above this, we can add shorts with a 50-60 point SL for targets of 41435 followed by today's buyer reference zone @ 41333-41373. Prices sustaining below this can test 41089-41089.
For longs, we have to wait unless we break above 41850 or shall wait and look for scalps if we see a big gap on the downside.
An inside day, with low volumes and hardly any continued momentum on either side. With ATH in sight we need good volume support to break and sustain above it else the old seller reference zone at 41750-41850 will see fresh sellers coming in.
For tomorrow, the important level will be the seller reference area of friday's session @ 41566-41633. If we see price unable to break above this, we can add shorts with a 50-60 point SL for targets of 41435 followed by today's buyer reference zone @ 41333-41373. Prices sustaining below this can test 41089-41089.
For longs, we have to wait unless we break above 41850 or shall wait and look for scalps if we see a big gap on the downside.
