Trade Scenario 1: Bullish - For us to go long we want to see price break above 130.500 with conviction. We will then wait for a retrace and for 130.500 to flip as support. Enter on strong bullish setups, first targeting 130.700
Trade Scenario 2: Bearish - For us to go short we want to see price break below 130.300. We will then wait for a retrace and for 130.300 to act as resistance once again. Enter on strong bearish setups, first targeting 130.050
Trade Scenario 2: Bearish - For us to go short we want to see price break below 130.300. We will then wait for a retrace and for 130.300 to act as resistance once again. Enter on strong bearish setups, first targeting 130.050
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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.