– The current Weekly candle has had less volume and Ranged for the most trading sessions of the Week, Previous Daily candle closed Bearish but still lacked volume to breakout of the Consolidation area on the Daily and the 4h timeframe.
– The No Trade Zone is bigger than usual but due to price consolidating it would be best to wait for the price to break out of the current zone to have a higher probability of trade setup.
– Buys on close above 165.980 targeting 4h Resistance at 166.660 leaving Runners to next 4h Resistance at 167.110.
– Sells on close below 164.930 targeting Daily / 4h Wick Fills at 164.490 leaving Runners to 4h previous Resistance at 163.900.
– It’s the start of the new Monthly candle and the current Weekly candle is about to close, waiting for confirmation is a Must when the price is Ranging especially when HTF candles open or close as wick get formed.