Trade Scenario 1: Bullish - For us to go long we want to see price break above 1.2427. We will then wait for a retrace and for 1.2427 to flip as support. Enter on strong bullish setups, first targeting previous highs around 1.2480
Trade Scenario 2: Bearish - For us to go short we want to see price reject off 1.2427. We will then enter short on strong bearish setups, first targeting our next edge of value at 1.2350
Trade Scenario 2: Bearish - For us to go short we want to see price reject off 1.2427. We will then enter short on strong bearish setups, first targeting our next edge of value at 1.2350
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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.