Trade Scenario 1: Bullish - For us to go long we want to see price bounce off our trend line at 108.800. We will then enter on strong bullish setups, first targeting 109.050
Trade Scenario 2: Bearish - For us to go short we need to see price retrace below 108.650. We will then wait for a retrace and for 108.650 to act as resistance. Enter on strong bearish setups, first targeting 108.450.
Trade Scenario 2: Bearish - For us to go short we need to see price retrace below 108.650. We will then wait for a retrace and for 108.650 to act as resistance. Enter on strong bearish setups, first targeting 108.450.
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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.