Trade Scenario 1: Bearish - For us to go short we want to see price retrace around 1.2050. W will then look to go short on strong bearish setups off this zone, first targeting previous lows around 1.200
Trade Scenario 2: Bullish - For us to go long we need to see price break above 1.2050. We will then wait for a retrace and for 1.2050 to flip as support. We will look to enter on strong bullish setups, first targeting previous highs around 1.2080.
Trade Scenario 2: Bullish - For us to go long we need to see price break above 1.2050. We will then wait for a retrace and for 1.2050 to flip as support. We will look to enter on strong bullish setups, first targeting previous highs around 1.2080.
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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.