Current setup-
SETUP 1: Support
ENTRY: Bull confirmation candle. Double botton will be an extra confirmation.
Possible but stronger setup-
SETUP 2: Price moves to resistance and trendline and heads down.
ENTRY: Bear confirmation candle on the smaller frames.
If price breaks this support, i expect a move toward the 0.731 area, then to 0.716.
SETUP 1: Support
ENTRY: Bull confirmation candle. Double botton will be an extra confirmation.
Possible but stronger setup-
SETUP 2: Price moves to resistance and trendline and heads down.
ENTRY: Bear confirmation candle on the smaller frames.
If price breaks this support, i expect a move toward the 0.731 area, then to 0.716.