Trade Scenario 1: Bullish - For us to go long we want to see price retrace back to our key weekly at 129.00. We will then wait for price to find support and enter on strong bullish setups, first targeting 129.400
Trade Scenario 2: Bearish - For us to go short we need to see price break below 128.800 with conviction. We will then wait for a retrace and for 128.800 to act as resistance.
Trade Scenario 2: Bearish - For us to go short we need to see price break below 128.800 with conviction. We will then wait for a retrace and for 128.800 to act as resistance.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.