– Buys on close above 170.480 targeting 4h Resistance at 170.770, Leaving Runners to the 1h Resistance at 171.130.
– Sells on close below 170.010 targeting 4h Support at 169.640, Leaving Runners to the next 4h Support at 169.250.
– As volume has decreased so does the targets we aim for as it’s best to adapt to the market volume, we can easily identify that when looking at the last 2 Daily candles as the size of the body candle becoming smaller than the previous ones. We also know that volume decreasing meaning price ranging preparing for a bigger move as we have Bank Rate Decision this Thursday from the Bank Of England which could provide a lot more volume in the market.