Friends last week as I stated on monday will be range bound & have Choppy moves.
We find a range broke on upside on monday,maintain it till wednesday & after that Nf find his biggest resistence zone of 5930-5950.
After that this rally gets tired & start falling.
So now yt type of market is it, Buy in Dips or Sell on Rise.
This is now Sell on Rise,every rally towards 5930-50 zone has to be selled off with proper sl for a minimum target of 5800,5750 or even 5600.
We do not want to enter any more discussion as we have our Weekly SAR.
This week SAR is 5842 Spot.
Trades should be Short below 5820 fridays Low with sl of 5850.
Long above 5875 with sl 5840.
Why Long above 5875 because it is the last hourly high before the intra fall begins & secondly it provides good suport in previous intra falls .
Have a profitable week ahead.
We find a range broke on upside on monday,maintain it till wednesday & after that Nf find his biggest resistence zone of 5930-5950.
After that this rally gets tired & start falling.
So now yt type of market is it, Buy in Dips or Sell on Rise.
This is now Sell on Rise,every rally towards 5930-50 zone has to be selled off with proper sl for a minimum target of 5800,5750 or even 5600.
We do not want to enter any more discussion as we have our Weekly SAR.
This week SAR is 5842 Spot.
Trades should be Short below 5820 fridays Low with sl of 5850.
Long above 5875 with sl 5840.
Why Long above 5875 because it is the last hourly high before the intra fall begins & secondly it provides good suport in previous intra falls .
Have a profitable week ahead.
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