– Buys on close above 159.000 as price breaks above the 15min Resistance formed after London Close targeting 1h Resistance at 159.370, Leaving Runners to the 30min Resistance formed at 159.690.
– Sells on close below 158.530 as price breaks below the Thursday Daily Low targeting 30min previous Resistance formed on 2nd January 2023 at 159.970, Leaving Runners to the 1h Support at 157.570.
– As mentioned on the Analysis posted on the 3rd January 2023 price did break December Monthly Low on the 1st trading day of 2023 so we anticipated Daily Support to be formed and for the price to retrace on the higher timeframe to retest the previous Daily Support formed on 23rd December 2022 but the retracement exceeded that Daily Support due to High Volume in the market and currently the Thursday Daily candle has formed Resistance to potentially get hold and retest the current Weekly Low, Since we have 1 more trading day before the Weekly closes the Weekly low retest might not happen this week we might see that next week.