172 again
Expecting another touch of 172. A break upside 165 is first needed to assumed that we are going in fact to that area.
A break under 157 with showing weak demand signs would make me consider 150. as for next entry, on signs of lowered supply.
A break under 135. would make me consider more selling longer-term positions.
As it is now, I would expect more a test up to 172. before it would make a serious drop downward. Considering how yesterday daily's ended on a bullish engulfing with heavy demand emerging. And waiting for the current daily to finish printing and evaluate how the retracement of this bullish candle end up unfolding, is going to give us even more confirmation, about if we are going to 172. next first.
Price would be updated as it moves.
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Trade closed: target reached
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.