BEL had a deep correction from 1.6$ to 1.1$ and currently has good support at 1.1$.

It is highly likely that the BEL will rebound back to the 1.4$ zone and rise sharply to 2$ and 2.5$ if it conquers the 1.4$ zone.

However, if the 1.1$ zone is lost, it will be a sign of a deeper downtrend.


-Buy: 1.075-1.125$.SL if B


-Sell: 1.37-1.43$.SL if A

-Sell: 2-2.1$.SL if A

-Sell: 2.4-2.5$.SL if A


-Sell: 1.075-1.125$ if B.SL if A

-Buy: 0.875-0.925$.SL if B

-Sell: 0.875-0.925$ if B.SL if A

-Buy: 0.7-0.75$.SL if B


Condition A : "If 1D candle closes ABOVE this zone"

Condition B : "If 1D candle closes BELOW this zone"

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