Trade Scenario 1: Bullish - For us to go long we want to see price break above our point of control at 1.2480. We will then wait for a retrace and for 1.2480 to act as support. Enter long on strong bullish setups, first targeting 1.2530.
Trade Scenario 2: Bearish - For us to go short we want to see price below 1.2460. We will then wait for a retrace and for 1.2460 to flip as resistance. Enter short on strong bearish setups, first targeting our edge of value at 1.2420
Trade Scenario 2: Bearish - For us to go short we want to see price below 1.2460. We will then wait for a retrace and for 1.2460 to flip as resistance. Enter short on strong bearish setups, first targeting our edge of value at 1.2420
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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.
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.