– Buys on close above 160.820 targeting 4h Resistance at 161.190, Leaving Runners to Daily Resistance formed on 29th December 2022 at 161.520.
– Sells on close below 160.420 targeting 1h previous Resistance at 159.910, Leaving Runners to the Weekly previous Resistance formed on 9th January 2023 at 159.640.
– There is a higher probability for price to respect the Daily Resistance formed on 12th January 2023 at 160.880 for price to form new Daily Resistance allowing for price to retrace to form the new Weekly bottom wick, this is purely an anticipation of what could happen in the market based on Technical Analysis so highly recommend to wait for price to form a Resistance to have a confirmation before selling, clearly the overall market structure based on the recent Daily timeframe price have been Bullish but we know the further price move away from Support and higher the probability for price to form Resistance and retrace to retest.