Important Levels for 09/09/2022.
We closed at the upper range of the previous seller reference and with the VA at the top we need the price to sustain above today's high for at least 15 mins before we take on long positions for targets of 17938-17979. SL can be placed at 17800.
On the downside if we break 17800, we can take 50% of our normal position size with SL of 17830 and pyramid once we break and sustain below 17740 for targets of today's low @ 17695 and the previous buyer zone of 17640-17663. In case we do not see price breaking 17740, we can square off positions there itself.
We closed at the upper range of the previous seller reference and with the VA at the top we need the price to sustain above today's high for at least 15 mins before we take on long positions for targets of 17938-17979. SL can be placed at 17800.
On the downside if we break 17800, we can take 50% of our normal position size with SL of 17830 and pyramid once we break and sustain below 17740 for targets of today's low @ 17695 and the previous buyer zone of 17640-17663. In case we do not see price breaking 17740, we can square off positions there itself.