As we are in the last day of August, mean the monthly candle is closing, there are too many possibility that might happen, with the 3 news that need to be considered; ADP Non Farm Employment Change, Chicago PMI and FOMC Mester Speaks. Put aside the news which we cant control, here i prepare a couple of key areas or zone that i think worth to be watched. These are fresh zone from yesterday action sketches based on my knowledge for you to observe and this is not a financial advice.
As of now, price is around 1722, what i think, if the price goes down, it will bounce in the area of 1717, go further up to the zone above before bounce back again. OR the price can go up first before being rejected down to fall to 1717 and continue. Please note that 1717 is strong area and a good kick might happen over there. but all of this might change with the news, please expect one of two zone be broken during the news. i will explain further regarding the zone in the future, as i need more time getting use to explain things in writing. The idea is the zone is the place where the price might do some rejection for scalping and daytrading. around 20-50pips.
Regards,
K
As of now, price is around 1722, what i think, if the price goes down, it will bounce in the area of 1717, go further up to the zone above before bounce back again. OR the price can go up first before being rejected down to fall to 1717 and continue. Please note that 1717 is strong area and a good kick might happen over there. but all of this might change with the news, please expect one of two zone be broken during the news. i will explain further regarding the zone in the future, as i need more time getting use to explain things in writing. The idea is the zone is the place where the price might do some rejection for scalping and daytrading. around 20-50pips.
Regards,
K