Trade Plan: S/R Flip
Weekly:
BBWP is at 20.63%, price could potentially be looking to break out this week or next, previous break out on the weekly the BBWP was at 14.24%
Daily:
Price appears to have made a support and is likely to continue pushing up to 163.700, if price can break above this, we could see levels of 166.103
4hr:
Price has formed support around 161.345 and has respected this level despite retracing, the last two 4hr candles have respected the previous lows, which indicates price likely to continue pushing up
1hr/30min:
Price is yet to form a support, however assuming 161.862 area is the support I have marked out my no trade zone
Weekly:
BBWP is at 20.63%, price could potentially be looking to break out this week or next, previous break out on the weekly the BBWP was at 14.24%
Daily:
Price appears to have made a support and is likely to continue pushing up to 163.700, if price can break above this, we could see levels of 166.103
4hr:
Price has formed support around 161.345 and has respected this level despite retracing, the last two 4hr candles have respected the previous lows, which indicates price likely to continue pushing up
1hr/30min:
Price is yet to form a support, however assuming 161.862 area is the support I have marked out my no trade zone