– Previous Weekly candle closed Bullish at 195.100 forming Weekly Support around 191.800, Friday Daily candle closed weak Bullish as price continues to range (Consolidate) on a slight uptrend on the 4h timeframe. I’ll be looking for potential Buys above 195.340 targeting previous 4h Support formed on 29th April 2024 around 195.770 and the previous Daily Support formed on 29th April 2024 around 196.380. I’ll be looking for potential Sells below 194.810 targeting 4h Support around 194.520 and the Hourly Support around 194.100. Despite the Weekly closing Bullish forming Support when dropping to the lower timeframe you can easily identify a range on the 4h and Hourly timeframe so it is extremely important to wait for decent confirmations before executing on a trade.
