Trade Scenario 1: Bullish - For us to go long we want to see a retrace to at least 1.3900. We will then wait for price to find support and enter no strong bullish setups. First targeting around 1.3960.
Trade Scenario 2: Bearish - For us to go short we need to see price break below our weekly level of 1.3870. We will then wait for a retrace and for 1.3870 to flip as resistnace.
Trade Scenario 2: Bearish - For us to go short we need to see price break below our weekly level of 1.3870. We will then wait for a retrace and for 1.3870 to flip as resistnace.