Trade Scenario 1: Bullish - For us to go long we want to see price retrace back to our key weekly level at 129.00. We will then look to enter long on strong bullish setups off this level, first targeting previous highs around 129.500
Trade Scenario 2: Bearish - For us to go short we want to see price break below 129.00 with conviction. We will then wait for a retrace and for 129.00 to flip as resistance.
Trade Scenario 2: Bearish - For us to go short we want to see price break below 129.00 with conviction. We will then wait for a retrace and for 129.00 to flip 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.