– Buys on a close above 1717.500 on the break of the previous Daily High targeting 1h Resistance at 1722.200 leaving Runners to 30min Resistance at 1726.300.
– Sells on close below 1709.000 on the break of the most recent 1h Support / 4h Resistance Low targeting 30min Support at 1705.100 leaving Runners to 1h previous Resistance at 1700.000 ( Key Level).
– The Daily Support formed on Friday could be just a pullback on the higher timeframe and there is a probability for the price to even pullback and tap the 1730 / 1735 area to retest the broken Daily Support Range allowing for the current Monthly candle to form a deeper Liquidity Grab before pushing price down to the 1700 area to then push further to 1690.
– US Bank Holiday, Banks will be closed in observance of Labor Day.