Trade Scenario 1: Bullish - For us to go long we want to see price break above 1.2697. We will then wait for a quick retrace and for 1.2697 to flip as support. Enter on strong bullish setups, first targeting previous highs around 1.2730
Trade Scenario 2: Bearish - For us to go short we want to see price break below 1.2680. We will then wait for a retrace and for 1.2680 to slip as resistance. Enter on strong bearish setups, first targeting 1.2650.
Trade Scenario 2: Bearish - For us to go short we want to see price break below 1.2680. We will then wait for a retrace and for 1.2680 to slip as resistance. Enter on strong bearish setups, first targeting 1.2650.
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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.