Trade Scenario 1: Bullish - For us to go long we want to see price retrace back to 1.2595. We will then wait for price to find support and enter on strong bullish setups, first targeting previous highs around 1.2620
Trade Scenario 2: Bearish - For us to go short we want to see price fall below 1.2580. We will then wait for a retrace and for 1.2580 to act as resistance. Enter on strong bearish setups, first targeting our edge of value at 1.2550
Trade Scenario 2: Bearish - For us to go short we want to see price fall below 1.2580. We will then wait for a retrace and for 1.2580 to act as resistance. Enter on strong bearish setups, first targeting our edge of value at 1.2550