As per yesterday’s analysis, price rallied past
the 3087 area onto 3120 where we have a 786, we expect to find resistance at
this level , however, at the time of writing we don’t have a clear bearish cs
formation to enter short. A rally and a sustained break of 3160 opens the upside.
Will be going long if:
No long setup at present. We don’t have any entry criteria
for long trades at present, stand aside. We need price at the BF area from
where we will consider long positions. Nothing as yet.
Will be going short if:
We are at the 786 where we will be looking for short trade
setups. We don’t have anything clear as
yet. A sustained break of the A high starts a reversal on this timeframe.
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