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EUR/CHF Two main S/R zones 🚀 On EUR/CHF is nice to see Two volume clusters , there is strong volume areas.... Where is lot of contract accumulated... This two volume clusters works as Two strong S/R zones. Around these strong Volume clusters i expect a reaction to the market.. Right now i waiting for pull back to this area... Pullbacks To Volume Clusters What I prefer is to wait for a pullback and then enter the trade. Pullback to where? To areas with significant volumes. In an uptrend, those significant volumes show us places where strong Buyers were entering or adding to their Long positions. Those “Volume Clusters” work as strong Supports because the strong Buyers who placed their Longs there are likely to defend them. Happy trading Dale
by Trader_Dale
BANKNIFTY Trading PlanBanknifty - yesterday we managed to bounce of the swing target zones for the week ( refer to the weekly analysis video) ensuring we have a pretty balanced closed. The pullbacks closed at key areas with respect to the swing zones. Today will set the foundation for a larger move from here. If we manage to hold and close below 35200-350F areas, expect new lows to be made in coming sessions, Alternatively if we hold the levels and form value higher and ensure a close above 35350F areas, I will expect markets to pop up back and test highs in next few days. From today' context: 1. Hold below 35200F look to test up to 34800F areas. 2. Hold above 35350F can look to go to test and visit the swing references of 35650-750F zones Largely will expect markets to be range bound and can be a good day to play options decay within the broader range of 35600-34800
NSE:BANKNIFTY1!
by PowerTrades