The price moving uptrend yesterday has closed 3/4 of the decline that took place the day before. The 1870 closed price did a small retracement early this morning until testing at the support level of 1864.00
From the analysis done, the price is still dominated by the uptrend because the price is moving in the channel area and the reaction of the Asian market only shows the candlestick doing a retracement at the nearest support level.
Therefore, there are 2 probabilities that can occur. Among them are prices that test and confirm reversal for uptrend and also breakout at support prices and make a decline to the lowest level for yesterday.
For that, here I attach the nearest support and resistance prices for intraday trading and scalping guides:-
R1: 1870.00
R2: 1876.00
R3: 1886.00
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S1: 1864.00
S2: 1858.00
S3: 1848.00
Today's tips are, set the risk-reward and find the best opportunity at the quoted price as well as look at the current movement whether the trend is higher downtrend/ uptrend.
Have a safe trade
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