That yellow zone happens to be where the monthly kijun runs across and is therefore an area of strong resistance. I expect price to be repelled up from here to around 1.5600 to 1.5700 zone. So il get in with two small positions and target both 1.56 and 1.57 . We should have some sort of head and shoulders thereafter if this thesis is correct.
Entry: 2 small positions @ 1.5333
SL: 1.5186
TP1: 1.5590
TP2: 1.5690
I will reiterate that risk management is crucial!
Entry: 2 small positions @ 1.5333
SL: 1.5186
TP1: 1.5590
TP2: 1.5690
I will reiterate that risk management is crucial!
