Yesterday's market price trend was dominated by a price pullback after a strong rise on December 15. Also included is a decline from the resistance level of 1815.00 currently between the 61.8 and 50.00 levels on the Fibonacci Retracement.
1790.00 market price opened today after market movement made a pullback from the highest price. Judging from the chart, the decline did not create momentum and stopped at 1790.00 where it was the last support area.
So here is the price of support and resistance that is closest today is at the level:-
R1: 1794.00
R2: 1800.00
R3: 1810.00
------------
S1: 1788.00
S2: 1782.00
S3: 1772.00
Trading is currently encouraged to look at a low timeframe to see the best trading potential to buy or sell. All these trades need to be done using the amount of "initial capital" that is willing to risk.
Finally, to see more active movement it is recommended to wait for trading opportunities in the evening. Have a safe trade.
www.moneylifeconsulting.com
No comments:
Post a Comment