– I’ll be looking for potential Buys on clean break above 212.000 targeting Key Levels at 212.500 and 213.000.
– I’ll be looking for potential Sells below 211.360 targeting previous Hourly Resistance formed at 210.900 Leaving Runners to the 4h Major Support at 210.490.
– While the weekly momentum is clearly in favour of the bulls, the daily consolidation tells us to stay patient. The most successful trades this week will likely come to those who wait for the market to prove its direction above 212.000. Stick to the plan, manage your risk and let the setup come to you.