– Previous Weekly candle closed Bullish at 197.620 within recent Weekly Resistance formed on 28th April 2024, Friday Daily candle closed Bullish aswell breaking above strong Daily Resistance level formed recently. I’ll be looking for potential Buys above 197.840 targeting 5min Resistance area which was formed on Monday 29th April 2024 and above that level it is clean traffic on the 15min timeframe and above so referring to the 5min timeframe was needed, Leaving Runners to the Weekly Support formed on 13th April 2008 around 198.850. I’ll be looking for potential Sells below 194.140 targeting Hourly Strong Support formed around 196.720 and 4h previous Resistance around 196.440. The probability for price to continue Bullish is extremely high on the Monthly timeframe as current Monthly candle formed a decent bottom wick grabbing Liquidity for price to continue Bullish. Ideally is to allow the new Weekly candle to form a bottom wick before breaking above the previous Weekly High to increase the probability for price to continue Bullish.
