Trade Scenario 1: Bullish - For us to go long we want to see price retrace back to 1.1935. We will then wait for price to find support and enter long on strong bullish setups, first targeting previous highs around 1.1990
Trade Scenario 2: Bearish - For us to go short we need to see price break below our key weekly zone of 1.1905. We will then wait for a retrace and for our weekly zone to act as resistance.
Trade Scenario 2: Bearish - For us to go short we need to see price break below our key weekly zone of 1.1905. We will then wait for a retrace and for our weekly zone to act as resistance.