Trade Scenario 1: Bullish - For us to go long we need to see price break above 128.750. We will then wait for price to retrace and 128.750 to act as support. Enter on strong bullish setups, first targeting 129.00
Trade Scenario 2: Bearish - For us to go short we can enter on a strong bearish engulfing off 128.700, first targeting our edge of value 128.400.
Trade Scenario 2: Bearish - For us to go short we can enter on a strong bearish engulfing off 128.700, first targeting our edge of value 128.400.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.