WEDNESDAY 09-08-23, INTRADAY H1 TIME FRAME SETUP
Trend is still down, so look for a resistance to enter for sell, as price has touched previous 100% level so we must be ready for the RETRACEMENT DUE also. The arrowed road map is indication a DB and if it happens then there is a HRB at 1921-23 area at 0.0% level that may lead the price to visit 23.6% 1928 ro 38.2% 1931. Sma44 i declining towards these levels also and if it meets any of these levels and the price comes there, then it will be the point of impact for the day. I will take a sell at this point between 1931-35 depending on the meeting point of fibo levels and sma44.
Trend is still down, so look for a resistance to enter for sell, as price has touched previous 100% level so we must be ready for the RETRACEMENT DUE also. The arrowed road map is indication a DB and if it happens then there is a HRB at 1921-23 area at 0.0% level that may lead the price to visit 23.6% 1928 ro 38.2% 1931. Sma44 i declining towards these levels also and if it meets any of these levels and the price comes there, then it will be the point of impact for the day. I will take a sell at this point between 1931-35 depending on the meeting point of fibo levels and sma44.