R3 LRS 1937 (SMC Supply Area)
R2 MRS 1930
R1 HRS 1923
S1 HRB 1923
S2 MRB 1915
S3 LRB 1907 (SMC Demand Area)
SELL> 1930 - 1937
BUY> 1919 - 1912
FOLLOW UP
D1 On support Sma200 / 1921.76
W1 On support Sma44 / 1910.90
MN 38.2% / 1903 Macro Fibo at strong Support
OBSERVATIONS: Coming week is full of news data so the price action is going to be some what choppy. Consequently trend has made a bend and Sma44 is moving towards Sma200 from low to high. If these two SMAs meet between 50% 1915 and 38.2% 1919 provided price tests them in this range, a very good chance of buy opportunity is there. This is “ Boom!”. Subsequently as news can volatile the market, we can plan our trades according to Smart Money Concept and wait for the supply area 1937 and demand area of 1907. The trend in H1 is bending, so it is no more our friend.
R2 MRS 1930
R1 HRS 1923
S1 HRB 1923
S2 MRB 1915
S3 LRB 1907 (SMC Demand Area)
SELL> 1930 - 1937
BUY> 1919 - 1912
FOLLOW UP
D1 On support Sma200 / 1921.76
W1 On support Sma44 / 1910.90
MN 38.2% / 1903 Macro Fibo at strong Support
OBSERVATIONS: Coming week is full of news data so the price action is going to be some what choppy. Consequently trend has made a bend and Sma44 is moving towards Sma200 from low to high. If these two SMAs meet between 50% 1915 and 38.2% 1919 provided price tests them in this range, a very good chance of buy opportunity is there. This is “ Boom!”. Subsequently as news can volatile the market, we can plan our trades according to Smart Money Concept and wait for the supply area 1937 and demand area of 1907. The trend in H1 is bending, so it is no more our friend.