The price opened with a gap up, unable to sustain and fall down towards the support zone 1030 - 1040. How the price reacts at this level will decide the trend direction. We can see the confluence of channel and support at the 1035 zone.
The daily chart shows the price is near the trend line support.

Buy above 1040 with the stop loss of 1032 for the targets 1048, 1060, 1072 and 1084.
Sell below 1026 with the stop loss of 1032 for the targets 1018, 1010, 1002, 994 and 988.
Always do your analysis before taking any trade.
The daily chart shows the price is near the trend line support.
Buy above 1040 with the stop loss of 1032 for the targets 1048, 1060, 1072 and 1084.
Sell below 1026 with the stop loss of 1032 for the targets 1018, 1010, 1002, 994 and 988.
Always do your analysis before taking any trade.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Role I play here : Moderator. Follow me in telegram to trade better. t.me/Analysis4Newbie Contact information : tradingplan4u@gmail.com
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
