Trade Scenario 1: Bullish - For us to go long we want to see price break above 1.3760. We will then wait for a retrace and for 1.3760 to act as support. Enter on strong bullish setups, first targeting our point of control at 1.3780
Trade Scenario 2: Bearish - For us to go short we want to see price continue to fall to 1.3720. We will then wait for a retrace and for 1.3720 to act as resistance. Enter on strong bearish setups, first targeting our edge of value at 1.3700
Trade Scenario 2: Bearish - For us to go short we want to see price continue to fall to 1.3720. We will then wait for a retrace and for 1.3720 to act as resistance. Enter on strong bearish setups, first targeting our edge of value at 1.3700