Watching for reversal signs

٩ مايو

Morning everybody,

So, the first step of our trading plan is done - market is around 61K, which is intraday strong support area. It is preferable if upside action starts from here, although downside continuation to next support and XOP target will not become a tragedy yet, but will be looking worse with lower chances on success.

Now we need to watch for small bullish patterns around this area. Once and If we get it - we could consider long entry. Our nearest upside target is around 67K