How to trade this plan

1. Support and resistance. Support(green area) and Resistance(Orange red area).
2. Develop a bias based on whether you are a Bull (enter at the green area) and Bears (enter at the red area) looking at the 21 and 55 MAs for market direction and 5 and 8 MAs for price action.
3. Look at stochastics on, Daily H4. Look at M15 and M5 for possible role reversal zones at support or resistance zones.
Crosses indicate possible target.
Arrow indicate possible direction of price.

*We need Dollar to strengthen to make the trede plan valid.
We are in a range on daliy chart between
Resistance-MR1 @1349.19
Support-MM2 @1306.4
TP- 1310.32

Price is below daily MPP indicating a possible bearish direction of price to the downside. With target at MM2

We are currently at support. Price is bullish with 55 below 21 MA and 5 8 cross to the downside. Bulls will enter at 61.8 fib retracement with a target to move price to WPP. Bears will enter below WPP with target to WM1.

Price is bearish indicated by 21 below the 55 MA with a 5 and 8 MAS cross to the downside. Price is intending on retracing to the 21 MA @1332.35. Bulls are struggling to keep with bears pressure. Bears will reenter @WM2 @ 1332.63

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