Rejection from 150.500 after a second failed test. Currently around red longer term upside TL, looking at this and also 149.00 (618 retracement level and a high volume price area) to act as a bit of support to protect from downside moves.
I have set an alert on a close below 148.500 as If this happens my setup would no longer be valid. (Broken TL and 149.000 support) target is around 152.500 which is my next area of the resistance to the upside after 150.500.
Also in a uptrend on the D W M timeframes.
I have set an alert on a close below 148.500 as If this happens my setup would no longer be valid. (Broken TL and 149.000 support) target is around 152.500 which is my next area of the resistance to the upside after 150.500.
Also in a uptrend on the D W M timeframes.
Trade closed: target reached