– Tuesday Daily candle closed weak Bullish around 200.500 as price ranged on the Hourly timeframe. I’ll be looking for potential Buys above 200.600 targeting previous Weekly Support formed on 11th May 2008 around 200.900 and the previous Weekly Low formed on 17th August 2008 around 201.680. I’ll be looking for potential Sells below 200.150 targeting 4h Support formed around 199.750 and recent Daily Support formed around 199.200. Price continues to range on an uptrend leading the previous Monthly High for April. It is extremely important to wait for price to break out of the current range to increase the probability of winning.
