The price is moving in the south direction and probably aiming for the daily support. Currently at a light support around 27675 but probably not gonna hold. This support is a wide range and likely to provide a good bounce. That would make a long favorable from that level. However, in order to minimize the risk a conservative entry from the lower side of the support zone should be favored.
Note
The price reached to the target mentioned. Though the trade was only with half of the usual size as half was for entry from the low of the support zone. The price might face some resistance here and pull back a bit.If you like the content and find value in the posted analysis, please give a like and if you want to get notified about any new idea posted, please follow this account. I also share ideas on twitter, so if you want to tune to that, please check my twitter account: twitter.com/angela_altair
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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.