04-Hour Chart
30-Minute Chart
(CLICK ON THE CHART TO ENLARGE IT)# Dailies are mixed. Prices can easily rally up to top of bullish channel (see blue line) that overlaps with the 62% fibo last bearish move (see yellow fibo lines) and the 62EMA. See white arrow highlighting these points.
# But the 04-Hour chart shows a false breakout at top of bearish channel (yellow lines) with a shooting star at historical resistance and a strong pull back into the bearish channel again. See yellow circle for these points.
# 30-Minute shows prices getting back into the bearish channel (see blue line), pulling back to its top and falling again. See yellow circle for points.
04-hour and 30-minute charts favour the bearish. So points are:
## SELL break 156.50 with STOP at 156.85 and LIMITS: 156.00, 155.50 and 155.20. Close 1/3 each time you reach one of the limts.
If I´m wrong and bullish trend resumes up to the top of bullish channel on dailies:
## BUY break 157.70 with STOP 157.45 and LIMITS 159.15, 159.45, 159.80 and 160.45. Close 1/4 of your units each time you reach one of the limits.