Wait for confirmation on level 129.500 for buy/sell
Overall Reasoning:
- Level 129.500 has shown good reactions in the past (Scroll back to see)
Sell Reasoning
- Trend line was broken with a strong bullish push causing a S&D imbalance which is expected to be filled and retest trendline
- Overall trend is still bearish (Unless price rejects level 129.500 and moves higher)
- Wait for a break and retest of 129.500 level to sell.
Buy Reasoning:
- Price formed a long-term double bottom on level 128.000
- Broke previous lover high (Red), waiting on a retest.
- If price retest level 129.500 with bullish confirmation, look to go long. (Aggressive)
- Wait for a considerable retracement between 129.000-129.5000
Overall Reasoning:
- Level 129.500 has shown good reactions in the past (Scroll back to see)
Sell Reasoning
- Trend line was broken with a strong bullish push causing a S&D imbalance which is expected to be filled and retest trendline
- Overall trend is still bearish (Unless price rejects level 129.500 and moves higher)
- Wait for a break and retest of 129.500 level to sell.
Buy Reasoning:
- Price formed a long-term double bottom on level 128.000
- Broke previous lover high (Red), waiting on a retest.
- If price retest level 129.500 with bullish confirmation, look to go long. (Aggressive)
- Wait for a considerable retracement between 129.000-129.5000