Looking at the chart we failed to break the 153.500 region after 3 attempts.
We've had a healthy pull back to 151.950 region and bounced off it.
The next major Resistance is at 152.750 (the 20ema on 4hr chart) and 153.500
If we fail to breakthrough these regions then we might see another correction to 149.9
At the moment I'm convinced this is a buy hence I have long positions with Tp 1 at 152.750 and Tp 2 at 153.500.
Should we breakthrough these regions then our next major target is the 160.00 region.
Note this is not a trading advice, copy at your own risk
We've had a healthy pull back to 151.950 region and bounced off it.
The next major Resistance is at 152.750 (the 20ema on 4hr chart) and 153.500
If we fail to breakthrough these regions then we might see another correction to 149.9
At the moment I'm convinced this is a buy hence I have long positions with Tp 1 at 152.750 and Tp 2 at 153.500.
Should we breakthrough these regions then our next major target is the 160.00 region.
Note this is not a trading advice, copy at your own risk