Important levels for 15/11/2022.
A day with very low volumes and in the closing moments we just broke the buying reference zone buy eventually closed inside it. With the weekly VAL at 18360 and a buyer reference area @ 18328-18340, shorting wont be a good option.
We can short only if we break 18328 and sustain below it for targets of 18176-18220. If we see a gap up around today's high @ 18440-18455 and see sellers defending, then we can short with a 15-20 point SL for targets of 18370-18385 followed by the buyer reference of 18328-18340.
Longs can be taken as scalps at around 18328-18340 areas with targets of 18427-18440. Also we can take longs if we break out from today's range for targets of 18521-18543.
A day with very low volumes and in the closing moments we just broke the buying reference zone buy eventually closed inside it. With the weekly VAL at 18360 and a buyer reference area @ 18328-18340, shorting wont be a good option.
We can short only if we break 18328 and sustain below it for targets of 18176-18220. If we see a gap up around today's high @ 18440-18455 and see sellers defending, then we can short with a 15-20 point SL for targets of 18370-18385 followed by the buyer reference of 18328-18340.
Longs can be taken as scalps at around 18328-18340 areas with targets of 18427-18440. Also we can take longs if we break out from today's range for targets of 18521-18543.
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Missed second reference by a mere 2 points, TSL hit @ 18360.