– Previous Weekly candle closed strong Bullish at 184.040 forming strong Weekly Support around 180.680, Friday Daily candle closed Bullish but price consolidated within the 4h timeframe.
– Buys on close above 184.240 targeting Weekly previous Support formed on 30th November 2015 at 184.610, Leaving Runners to the Weekly previous Support formed on 9th November 2015 at 185.270.
– Sells on close below 183.340 targeting 1h previous Resistance formed at 182.970, Leaving Runners to the 4h Support formed at 182.520.
– Ideally is to wait for price to form new Resistance on the Daily or the 4h to retrace, establish a new Support to then anticipate for price to retest the highs to continue Bullish.
– Buys on close above 184.240 targeting Weekly previous Support formed on 30th November 2015 at 184.610, Leaving Runners to the Weekly previous Support formed on 9th November 2015 at 185.270.
– Sells on close below 183.340 targeting 1h previous Resistance formed at 182.970, Leaving Runners to the 4h Support formed at 182.520.
– Ideally is to wait for price to form new Resistance on the Daily or the 4h to retrace, establish a new Support to then anticipate for price to retest the highs to continue Bullish.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.