IBREALEST : Price is cracking down below 60 level of support
Price is trading 60 level of resistance & next layer of support comes around 52 & 45 level. We initiated a sell order here based on intraday timeframe with a standing stoploss of 61 area & expecting 52 level of target in coming days. In case price continues it's selloff momentum below 52, we can look for more sell signal to catch 45 level of support then.
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PLS NOTE : All chart analysis posted here are the author's own idea of trading for educational purpose only & not any form of advice or recommendations or opinion to anyone.
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After a retest of key flip resistance layer of 1693, price started rolling back down & approaching towards 1550 layer of support.We already got a sell entry signal in lower timeframe with a stoploss coming around 1685. Since overall trend is strongly bearish, we'll be happy to see price continuing it's downward pressure even after 1550 level.
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