From h4 chart current situation is indicating potential downside movement after impulsive rally. If we move back to 8 July the high formed that time and current high is similar and current candle is bearish engulfing candle. So my potential target is around 160 level with stop ABOVE 166.325. Potential risk : reward around 1:4.
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.