THE KOG REPORT - Update

semalam

End of day update from us here at KOG:

Nice start to the week with price attempting that higher red box and failing to breach it. We then activated an Excalibur signal short, identified the structure and got a lovely move into the 3552 level from 3371 activation. Traders then had the opportunity to capture the tap and bounce from the 50MA on the hourly, again giving a minimum of 100pips on the bounce.

Now, we have support below 3340 which was the bias level which has also rejected price giving a long, but, resistance here stands at 3357. Below that level we are more likely to see this range or attempt lower sticking to the plan on the KOG Report published yesterday.

KOG’s Bias of the day:

Bullish above 3340 with targets above 3375, 3388 and above that 3392
Bearish on break of 3340 with targets below 3335, 3332, 3320 and 3310 (No Breach)

RED BOXES:

Break above 3376 for 3382, 3390, 3396 and 3304 in extension of the move (No breach)
Break below 3365 for 3362✅ and 3355✅ in extension of the move

As always, trade safe.

KOG

6 jam lalu

Dagangan aktif

Level to monitor was completed and breached. For now, we have pre-event PA in play with support and bias level for today 3340 and resistance 3395

KOG