The price is trading at 4h resistance zone 4HR1, but I feel this time it is going to break this resistance and move upward towards 4h resistance 4HR2. Any dip to the daily support region DS1 is for buying. The target as mentioned is 4HR2 zone around 7.24-7.29.
So as we expected, the price has hit the daily support, and offers us a long opportunity. The target of this trade should be 4h resistance which is sitting around 6.97. I will ladder buy my positions in this support zone.
The price has bounce from daily support DS1 and moved beyond the 4h support. It seems the price wants to head up to daily resistance DR1. This would provide a short opportunity. I think a short will be favorable from resistance zone DR1 towards the 4h support 4HS2 and may extend to daily support DS1. But lets monitor the price and we will take the trade...
Lets play this long trade here. Probably a less riskier bet would be to long from 4HS2 level but I feel its gonna give a bounce for a long trade already from 4HS1. I will add if it goes to 4HS2. The target should be the next 4h resistance 4HR1 zone around 7.27-7.30.