3- Daily structure still with LH/LL formation, holding support above 152 will give the opportunity to challenge 153/153.65 for continuation. A close back below 152, will invalidate the move and a possible retest to the lows created at 149.50.
I’ve 2 Scenarios as following:
Holding support above 152 will give the opportunity to retest the 153/153.65 and with a close above will indicate that we had formed HL on daily which will target the 154/154.50.
A close below 152 will be the first sign of rejection, a lower resistance formation below will confirm the daily structure continuation and the lows created at 149.50 will be in play as targets.
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Good luck all, wishing everyone a good trading week.