The bulls made a surprise comeback at 4pm today (GMT+8) where they marked a support at 162.40 and a high of about 162.97. My positions were all stopped out with minimal loss. The price action was fairly volatile and it also marked the 61.8% retracement of the Asian Session's bullish leg.
Because there were no follow through move after 4pm, I have reengaged my shorts with the expectation of breaking today's session low to continue the lower high lower low trend in the dailies.
For now, intraday support marking are at 162.40 and 162.00. A break of 162.40 will push price to 162 and a break of 162 may just bring us closer to 161.
Because there were no follow through move after 4pm, I have reengaged my shorts with the expectation of breaking today's session low to continue the lower high lower low trend in the dailies.
For now, intraday support marking are at 162.40 and 162.00. A break of 162.40 will push price to 162 and a break of 162 may just bring us closer to 161.