– Buys on close above 160.870 as price closes above the 1h Resistance formed during Asian session Wednesday, targeting 30min Strong Resistance formed at 161.300, Leaving Runners to the Daily Resistance formed on Tuesday 24th January 2023 at 161.680.
– Sells on close below 160.130 targeting 1h Support at 159.600, Leaving Runners to the Daily / 4h Support formed on Friday 20th January 2023 at 159.040.
– If the Hourly Resistance formed on Wednesday Asian session gets respected there will be a higher probability for price to retest the recent Daily Support as price is currently trading within an area where the Weekly have rejected and left a top wick from the last trading week of December 2022, The rejection wick of that Weekly candle is a Daily Resistance as we break the chart down from the higher to the lower timeframe.