Thursday 8 August 2013

Hi Friends,

Analysis for the Day: Side ways or Trading day.

As you can see from the chart, price Stayed with in the trading range which is 5486 - 5562 which is 76 pts wide.

In sideways market there is always a opportunity to Go long and short. But this has to be done based on previous trend, higher time frame trend, part of trend, i.e start or middle or end of trend.
The best option for the less experienced traders is to avoid trading these days.

0 comments:

Post a Comment