and fib retracements aligning around 146.857 mark, with upward trending 50EMA likely to provide further resistance.
Will look for a test and rejection at this level then enter a long position with a stop loss below the and .
Do however need to look at the , but this alone wont prevent a trading opportunity for me.
However both are downtrending again.
Looking for a retest with possible double bottom before executing a long position.
Only looking to target previous high at this point at 149.114 and stop loss below the pivot.
I may end up trailing this stop and increasing the TP level if the trade is particularly bullish.