The 1 hr. chart has a lower high fractal and a lower low that may form a lower low fractal. Based on the 4 hr. and daily, I may take a buy if price can close above the previous candle @ 157.84. With a stop below the daily pivot with some to spare around 156.75.
I would prefer a buy trade with price closer to the center BB line. My first target will be the upper BB line with the weekly pivot being the second target.
If new low is created and/or price does not close above the high of previous candle then no trade.
I would prefer a buy trade with price closer to the center BB line. My first target will be the upper BB line with the weekly pivot being the second target.
If new low is created and/or price does not close above the high of previous candle then no trade.