– Buys on close above 161.900 as price breaks above 1h Resistance targeting 4h / 1h Resistance at 162.130 leaving Runners to next 4h / 1h Resistance.
– Sells on close below 161.390 on the break of the 1h Support formed at London open targeting 15min Strong Support at 161.150 filling the previous Daily bottom wick leaving Runners to Daily / 1h Strong Support at 160.690.
– Price have been consolidating since Thursday (18.08.2022) on a downtrend on the Hourly, due to price consolidating it is ideal to wait for strong confirmation, small targets regardless of how large is the No Trade Zone and secure when possible until price break out of the consolidation zone and managing risk accordingly.