Important levels for 02/11/2022.
As per our analysis from yesterday we expected the old seller reference zone 41750-41850 to hold and we did exactly see that and we did achieve all our targets.
We have closed almost at the same levels as yesterday. If we open flat tomorrow and break today's low at 41330, we can take shorts with SL of 60 points and look for initial targets of the buyer reference zone 41085-41089. If we keep trading below it the old buyer references of 40666-40733 opens up.
But if we open flat and trade higher, we can take longs above 41570 with SL of 50 points for targets of 41750-41850. Sustaining above these levels can see another 200 point move and all we need to do is keep trailing our SL.
As per our analysis from yesterday we expected the old seller reference zone 41750-41850 to hold and we did exactly see that and we did achieve all our targets.
We have closed almost at the same levels as yesterday. If we open flat tomorrow and break today's low at 41330, we can take shorts with SL of 60 points and look for initial targets of the buyer reference zone 41085-41089. If we keep trading below it the old buyer references of 40666-40733 opens up.
But if we open flat and trade higher, we can take longs above 41570 with SL of 50 points for targets of 41750-41850. Sustaining above these levels can see another 200 point move and all we need to do is keep trailing our SL.
