Trade Scenario 1: Bullish - For us to go long we want to see price retrace back to around 1.3860. We will then wait for price to find support and enter long on strong bullish setups, first targeting 1.3900.
Trade Scenario 2: Bearish - For us to go short we need to see price break below 1.3850. We will then wait for a retrace and for 1.3850 to flip as resistance. Enter on strong bearish setups, first targeting previous lows around 1.3810
Trade Scenario 2: Bearish - For us to go short we need to see price break below 1.3850. We will then wait for a retrace and for 1.3850 to flip as resistance. Enter on strong bearish setups, first targeting previous lows around 1.3810
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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.