The 9.4k level has again held strong, It has proven again and again its a strong level.
I think price might go and test the 10.5k-10.8k area and then go on price discovery mode again.
It could possibly break above that area as well, I will make future trades based on how the test reacts.
A 4h candle closing below 9.7k area will put a pause on this trade idea.
I am managing this trade on the lower TF's.
I think price might go and test the 10.5k-10.8k area and then go on price discovery mode again.
It could possibly break above that area as well, I will make future trades based on how the test reacts.
A 4h candle closing below 9.7k area will put a pause on this trade idea.
I am managing this trade on the lower TF's.
Comment:
Started taking profits at 10.5k..Will trade further based on test @ 10.8k area. Till theen just waiting.
Trade closed: target reached:
I took a whole bunch of profits at 10460 area. I am out of the trades now. We are heading up towards some major resistance, Its ok if i dont catch 100% of this move. I will make further trades based on movement near that resistance.
Comment:
re-entered at 10490 on a shorter term TF. Gonna manage it like that as well. Looking to get out of this long near 10.8k or wherever price finds resistance.
Comment:
So yea i was out at that trade near 10712..not bad for a quick scale..4h close wud be interesting..