– Buys on close above 161.060 targeting 1h Resistance at 161.330, Leaving Runners to the 4h Resistance at 161.700.
– Sells on close below 4h previous Resistance formed on 4th January 2023 at 160.000, Leaving Runners to the 4h Support at 159.590.
– Target for Buys and Sells remained the same as price have been in a range, the longer the consolidation forms the bigger the breakout will be, Always wait for confirmations to enter a trade to avoid taking losses, Impulse entries could work if there was high volume in the market but managing risk is a Must to avoid bigger losses.