– Buys on close above 1783.800 targeting previous Daily Support from (12.08.2022) at 1789.500 leaving Runners to 1h previous Support from (12.08.2022) at 1793.200.
– Sells on close below 1775.000 targeting 4h Support at 1769.000 leaving Runners to 1h Support at 1763.500.
– Based on the Daily timeframe and the volume we’ve had for Monday for Sells there will be a higher probability for price to tap 1760 at least as the current Monthly candle seem to respect July’s Monthly High and already formed a top wick, higher timeframe targets to keep an eye on are 1742 / 1730 and 1710 preparing ahead for the next Bank Rate decision for the US Dollar’s interest rates on (21.09.2022) to form Support and range on the HTF before the retest of the Highs. This is purely based on a higher timeframe market structure.