– 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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