BRIS, psychological level

bakkarianz Updated   
Well, this is might not be good news for those investors that currently holding Long positions with BRIS.

I posted this just to anticipate some potential scenarios in the midterm. I believe BRIS needs to pull back to its psychological level around 2500, this is required to maintain the current strong uptrend. Please be careful if it breaks the EMA55. as if that the case then it might go down to the fibo level around 2060.

Please note, that any scenario could happen. :)

Happy trading and stay safe.

This information is for educational purposes and is not an investment recommendation nor to be representative of professional expertise. This analysis used herein is for illustration purposes only. This personal opinion should not be considered specific investment advice. I am not responsible for any trades, and individuals are solely responsible for any live trades placed in their own personal accounts.
Trade active:
This study still in line, it seems that we will see the potential downward if the philological level is broken. Potential quick trading could be executed on Monday if there is an indication of an early trading time rebound, but I will be cautious to enter the market and close any position slightly around the psychological level to secure profit.

So, basically, next week, need to see whether this support at 2500 will be broken or not. If it is broken, then the trading plan is after a rebound from the next support at around 20XX.

Happy trading and stay safe. Disclaimer ON
This study for trading plans is still in line, even though there is a potential pullback, but the psychological level will be strong support. Disclaimer on
Trade closed: target reached is a free telegram channel

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.