Trade Scenario 1: Bearish - For us to go short we need to see price fall below 106.950. We will then wait for a retrace and for 106.950 to act as resistance. We will enter on strong bearish setups, first targeting previous lows around 106.700.
Trade Scenario 2: Bullish - For us to go long we need to see price break above 107.100. We will then wait for a retrace and for 107.100 to flip as support.
Trade Scenario 2: Bullish - For us to go long we need to see price break above 107.100. We will then wait for a retrace and for 107.100 to flip as support.
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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.