Context:
the selling pressure increased as we broke the minor support at 22800 , but price
rejected the fromer broken resistance at 21600 , so we have a rather tricky situation to trade at hand.. therefore wait for clear signs before entering any position, we currently reside at the former broken support at 22800
Trade Opportunitys:
Long:
reversal at support , higher low at 21600
breakout of supplyline and former support at 22800
Short:
retracement at former broken support and supplyline at 22800
reversal at resistance 23450
Signs of strength:
rejection of broken resistance
Signs Of weakness:
broken support
increased selling pressure
Support:
22200
21600
Resistance:
22800
23450
24000
www.invezted.com
the selling pressure increased as we broke the minor support at 22800 , but price
rejected the fromer broken resistance at 21600 , so we have a rather tricky situation to trade at hand.. therefore wait for clear signs before entering any position, we currently reside at the former broken support at 22800
Trade Opportunitys:
Long:
reversal at support , higher low at 21600
breakout of supplyline and former support at 22800
Short:
retracement at former broken support and supplyline at 22800
reversal at resistance 23450
Signs of strength:
rejection of broken resistance
Signs Of weakness:
broken support
increased selling pressure
Support:
22200
21600
Resistance:
22800
23450
24000
www.invezted.com
