2 possible setups.
if we break 1218.944, we enter long after pullback.
1218.944 would be an ideal price to enter short if 1 or 4 hr charts indicate strong resistance.
Expecting the price to continue its fall.
Next level to watch for is 1204.890
Once we break this level, expect a pull back, and then we short.
Possible long entry at 1208.108 but risky because of the downtrend.
TP1: 1195.067
TP2: 1180.590
TP3: 1122.974
if we break 1218.944, we enter long after pullback.
1218.944 would be an ideal price to enter short if 1 or 4 hr charts indicate strong resistance.
Expecting the price to continue its fall.
Next level to watch for is 1204.890
Once we break this level, expect a pull back, and then we short.
Possible long entry at 1208.108 but risky because of the downtrend.
TP1: 1195.067
TP2: 1180.590
TP3: 1122.974