Looking at 8450 as the first area of resistance. Assuming we can break through that, the next major target would be the .382 fib level, around 9540. Here, I would take some profit and reposition myself to continue the current upward trend towards the .5 level, around 11500.
Caution: Watch for Lower Lows and/or Lower Highs as these are bearish signs.
Also keep an eye on your EMAs, if they start to cross, this could also become a bearish sign.
Don't forget to place your SL,
Happy Trading!
Caution: Watch for Lower Lows and/or Lower Highs as these are bearish signs.
Also keep an eye on your EMAs, if they start to cross, this could also become a bearish sign.
Don't forget to place your SL,
Happy Trading!