|6th resistance||1415||Previous high|
|5th resistance||1404||Resistance line|
|4th resistance||1379||Previous support line|
|3rd resistance||1358||61.8% Fib retracement|
|2nd resistance||1358||Previous support|
|1st resistance||1348||Yesterday’s high|
|1st support||1334||Yesterday’s low|
|2nd support||1315||55-90min moving average|
|3rd support||1311||Support line|
|4th support||1292||200-day moving average|
|5th support||1283||Previous resistance line|
|6th support||1266||Previous low|
|7th support||1249||50% retracement|
|8th support||1242||Support line|
If you are short:
1st resistance at 1348 (yesterday’s high). Weak stop loss above that level.
2nd resistance at 1358 (61.8% Fib retracement). Fair stop loss above that level.
3rd resistance at 1379 (previous support line). Strong stop loss above that level.
If you are long:
1st support at 1334 (yesterday’s low). Weak stop loss below that level.
2nd support at 1311 (support line). Fair stop loss below that level.
3rd support at 1292 (200-day moving average). Strong stop loss below that level.
Courtesy of www.bettertrader.co.uk, click here for link
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