Price is currently consolidating around out weekly zone. We will wait for a strong break in either direction before looking to enter a position.
Trade Scenario 1: Bullish - For us to go long we want to see price break above 1.1910. We will then wait for a retrace and for 1.1910 to flip as support. Enter on strong bullish setups, first targeting previous highs around 1.1950
Trade Scenario 2: Bearish - For us to go short we want to see price break below 1.1885. We will then wait for a retrace and for 1.1885 to flip as resistance. Enter on strong bearish setups, first targeting 1.1860
Trade Scenario 1: Bullish - For us to go long we want to see price break above 1.1910. We will then wait for a retrace and for 1.1910 to flip as support. Enter on strong bullish setups, first targeting previous highs around 1.1950
Trade Scenario 2: Bearish - For us to go short we want to see price break below 1.1885. We will then wait for a retrace and for 1.1885 to flip as resistance. Enter on strong bearish setups, first targeting 1.1860
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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.