I see here 2 opportunities to go either long short
- Short around ( 1.08100 ) ( red zone ) giving us before 3 profitable structure trades , with a SL at least at ( 1.09013 ) and a TP around ( 1.05547 ) as a retest of the lows .
- Long around ( 1.05547 ) ( green zone ) , with a SL at least below ( 1.04652 )
NOTE : We can have a buy opportunity in the 3 blue lines zone, depending on the momentum use the RSI or CCI to have a sense of it , and bullish signal for better enter timing.
Everything is possible !
- Short around ( 1.08100 ) ( red zone ) giving us before 3 profitable structure trades , with a SL at least at ( 1.09013 ) and a TP around ( 1.05547 ) as a retest of the lows .
- Long around ( 1.05547 ) ( green zone ) , with a SL at least below ( 1.04652 )
NOTE : We can have a buy opportunity in the 3 blue lines zone, depending on the momentum use the RSI or CCI to have a sense of it , and bullish signal for better enter timing.
Everything is possible !
Trade closed manually:
The pair didn't do what we expected, we closed the position after the bounce for a break even ( very small profit)