Putting it into context!
Firstly it is important to understand what the market reacted in the previous day’s trading.
apparently we have had to sell scenario though with thin volume.
We expect the same momentum for today’s trading
We have concluded to sell this market by keeping the previous day.
for this, we need to have a healthy retracement from the previous day’s trading outlook.
thus we prefer to sell form 1.3039 with stop loss 1.3083 and looking for 1.2960&1.2935 respectively.
In adversity 1.3039 could open the way towards 1.3099&1.3116 respectively!
Buckel up your levels!
It must be imparted to stick up with stop loss and stop out.
by examing thin holidays’ trading.
have a nice day!