Have a Key Resistance Zone between 111.850-112.000. Will require bearish PA confirmation around this zone before short setup is anticipated.
We anticipate a potential target of 111.250 with two management targets in place:
Management Target 1: 111.550
Management Target 2: 111.400
Stop Loss: Above 112.150 (Dependent on Entry)
If price breaches and closes above 112.150 then the trade setup is no longer valid.
We anticipate a potential target of 111.250 with two management targets in place:
Management Target 1: 111.550
Management Target 2: 111.400
Stop Loss: Above 112.150 (Dependent on Entry)
If price breaches and closes above 112.150 then the trade setup is no longer valid.