113 is a key support level, if it breaks to this support it would most likely hold its downtrend, on the other hand it could go in a continuation pattern sideways. if we don't have any impulses Like positive news. It could bounce off the support at 113 the resistance zone from 130 to 134 would the level to check if this is a big bounce or just some resistance from the support level. Personally i'm going for the long period trade. Because this is more likely to be predicted. You could go short at it's resistance level (130/134 )once you see consolidation but only if you are a short trader who would like to keep it's position open for 1 day.
評論:
We've hit a support on 113,50 with a large red candle, now moving towards support level at 133,00 if it breaks through we can look at resistance bars around 150/160. although the red candle was extremely bearish so I could be a fake out, hoping on some consolidation now for a new downing trend.
Trade safe!