Trade Scenario 1: Bullish - For us to go long we want to see price break above our edge of value at 150.500. We will then wait for a retrace and for 150.500 to act as support. Enter on strong bullish setups, first targeting our edge of value around 150.750.
Trade Scenario 2: Bearish - For us to go short we want to see price break below our point of control at 150.370. We will then wait for a retrace and for 150.370 to act as resistance. Enter on strong bearish setups, first targeting our edge of value around 150.100.
Trade Scenario 2: Bearish - For us to go short we want to see price break below our point of control at 150.370. We will then wait for a retrace and for 150.370 to act as resistance. Enter on strong bearish setups, first targeting our edge of value around 150.100.