Trade Scenario 1: - We need to see strong pressure, engulfings, variations below 126.60. We can enter on a 1hour and continue to play the zone or drop down to a lower time frame (30m, 15m) and wait for a clear LH.
Trade Scenario 2: - We need to see price break above 126.60 with conviction. We will then wait for price to retest and find support above 126.60. Enter on /variations.