– Buys on close above 166.800 targeting 30min Strong Resistance formed at 167.280, Leaving Runners to the 4h previous Support formed on 24th November 2022 at 167.570.
– Sells on close below 166.150 targeting 1h Support at 165.800, Leaving Runners to the next 1h Support formed at 165.450.
– Despite the Daily closing Bullish Sells are much easier to take rather than Buys as the previous Daily candle closed with no wick at the top and 4h and 1h timeframe is choppy for Buys. Sells are small targets so we could anticipate the Sells for the new Daily candle to form the bottom wick.