Trade Scenario 1: Bullish - For us to go long we want to see price break above our edge of value around 1.2600. We will then wait for price to retrace and find support at 1.2600. We will then enter on strong bullish setups, first targeting previous highs around 1.2625
Trade Scenario 2: Bearish - For us to go short we want to see price reject off 1.2600 forming a double top. We will then enter on strong bearish setups, first targeting our point of control around 1.2550
Trade Scenario 2: Bearish - For us to go short we want to see price reject off 1.2600 forming a double top. We will then enter on strong bearish setups, first targeting our point of control around 1.2550
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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.