I am looking to go long on a candle close at the third touch of the especially at the . It is a relatively small trade. As usual, I'm looking for a favorable risk/reward ratio here.
My targets are the last swing point at 11242 and the top range at 112923
it breaks the and makes a solid close below, I will short this market for a target of 11143 where the is positioned however I doubt this will occur as it is currently sitting on the and is likely to move higher.
As it is the weekend, I am not looking to take this position until monday morning because of holding charges and anything can really move this product as I am not fundamentally sound on it. Until then traders, keep your guard up, aim and shoot when it closes