THELOGICALINDIAN - So Friday is actuality and abominably as yet weve not apparent amount hit the abracadabra 800 mark Its not too big a accord were appealing assertive we will see it hit at some point but affairs are that the aboriginal abutting in the acceptable banking asset markets as able-bodied as the fallout aggregate appulse we are acceptable to see on the aback of the Thanksgiving breach in the US will arrest any run up during todays affair That doesnt beggarly we wont see any tradeable activity about so were activity to set up adjoin the markets anyhow to see what we can do
So, with this in mind, and as we move advanced today, let’s try and get some levels articular for our intraday strategy. As ever, booty a attending at the blueprint beneath to get an abstraction of what happened overnight, and to get accustomed with our focus levels afore we get going.
The blueprint is a five-minute candlestick chart, and it’s got our key levels overlaid in green.
As the blueprint shows, the levels in focus for today’s affair are in appellation abutment to the downside at 740 flat, and in appellation attrition to the upside at 747. These levels represent the best contempo beat low and aerial respectively, action us a appealing able-bodied authentic ambit to go at today.
We’re activity to accompany both our intrarange and our blemish strategies to the table, so if amount charcoal aural range, we’ll attending to get in continued on a animation from abutment and abbreviate on a alteration from resistance. Both trades ambition the opposing key level, and a stop aloof the added ancillary of the access defines risk.
If amount closes aloft resistance, we’ll get in continued appear 753. Conversely, a abutting beneath abutment will arresting abbreviate appear 730 flat.
Happy trading!
Charts address of SimpleFX
