Trade Scenario 1: Bullish - For us to go long we want to see price retrace to our edge of value at 1.3760. We will then wait for 1.3760 to act as support. Enter on strong bullish setups, first targeting previous highs around 1.3800.
Trade Scenario 2: Bearish - For us to go short we want to see price reject off 1.3800. We will then wait for 1.3800 to act as resistance. Enter on strong bearish setups, first targeting our edge of value at 1.3760
Trade Scenario 2: Bearish - For us to go short we want to see price reject off 1.3800. We will then wait for 1.3800 to act as resistance. Enter on strong bearish setups, first targeting our edge of value at 1.3760