Preparing 2 scenarios: one for long and the other for short.
Currently, the market is ranging mainly between 11180 and 10870.
If the price up breaks 11180, we can expect our TP price to be at 11605.
On the way to our target price, we need to be aware of the level at 11490 and the downtrend line at the larger timescale that the levels could be potential resistances.
If the price down breaks 10870, we can expect our TP price to be at 10556.
On the way to our target price, we need to be aware of the previous low at 10758 that could be a potential support.
**Not Financial Advice**
The information contained in this article is not intended as, and should not be understood as financial advice. You should take independent financial advice from a professional who is aware of the facts and circumstances of your individual situation.
Currently, the market is ranging mainly between 11180 and 10870.
If the price up breaks 11180, we can expect our TP price to be at 11605.
On the way to our target price, we need to be aware of the level at 11490 and the downtrend line at the larger timescale that the levels could be potential resistances.
If the price down breaks 10870, we can expect our TP price to be at 10556.
On the way to our target price, we need to be aware of the previous low at 10758 that could be a potential support.
**Not Financial Advice**
The information contained in this article is not intended as, and should not be understood as financial advice. You should take independent financial advice from a professional who is aware of the facts and circumstances of your individual situation.