Price was falling gradually from the starting of this month. It has formed bottom at the zone 37700 and now it has broken the downward trend line.
So what next?
38500 is an important zone. If price sustains this level then it can move towards 38580, 38660, 38740 and 38800.
On the other hand if 38500 acts as a resistance zone, then price will move towards 38380, 38300, 38220 and 38160.
Let us see what price want to do... It can create another possibility too...
So what next?
38500 is an important zone. If price sustains this level then it can move towards 38580, 38660, 38740 and 38800.
On the other hand if 38500 acts as a resistance zone, then price will move towards 38380, 38300, 38220 and 38160.
Let us see what price want to do... It can create another possibility too...
Trade active:
Short.
Comment:
T1 done.
Trade closed: target reached:
Gap down.