Important Levels for 24/08/2022.
Shorting the index near current levels is a big NO for me as we do not see a good RR. If we see any pull back to 17600-17610 we can take longs but if we open flat we can take longs once we see a positive first 5 min candle. The next reference to look here is 17760-17834 zones.
This is the only trade which looks feasible to me for tomorrow unless we open with a gap up around the previous seller zone of 17760-17834, then only we can short with a 20-30 point SL with 17610-17640 as potential targets.
Shorting the index near current levels is a big NO for me as we do not see a good RR. If we see any pull back to 17600-17610 we can take longs but if we open flat we can take longs once we see a positive first 5 min candle. The next reference to look here is 17760-17834 zones.
This is the only trade which looks feasible to me for tomorrow unless we open with a gap up around the previous seller zone of 17760-17834, then only we can short with a 20-30 point SL with 17610-17640 as potential targets.
Note
17600-17610 once breached, longs will be activeNote
Still not entered
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.