– Buys on close above 162.420 as price breaks the 1h Strong Resistance formed on (02.09.2022) targeting Daily / 4h Resistance at 162.650 leaving Runners to Daily Resistance at 163.150.
– Sells on close below 161.510 as price break below Strong 30min Support formed and held during Pre New York / New York Session open targeting 1h Previous Resistance formed at 161.220 leaving Runners to 4h Support formed at 160.900.
– Overall price action on the higher timeframe Daily and 4h remain within the Consolidation Zone. Plenty of Opportunities to take trades but ideally, to secure small profits as the price could reject any level at any time, Risk management applied is what keeps the Losses small and Wins bigger.