Hi traders,
This week we saw price break through the key 69000 level and pullback into it strongly. Price formed a higher low from the previous swing coming in at 68380.
At these levels, we need to wait for further bearish price to come in to break the 68380 level. The break of the lows will be the opportunity to short.
Price is bullish above the 69640 level, which aligns with the 682 retracement. I would look to take long plays above 61200. Any plays made to the upside needs short targets and tight stops.
All the best,
Aardall
This week we saw price break through the key 69000 level and pullback into it strongly. Price formed a higher low from the previous swing coming in at 68380.
At these levels, we need to wait for further bearish price to come in to break the 68380 level. The break of the lows will be the opportunity to short.
Price is bullish above the 69640 level, which aligns with the 682 retracement. I would look to take long plays above 61200. Any plays made to the upside needs short targets and tight stops.
All the best,
Aardall