I am still long to 1.1060 - see related Idea.
Look at yesterdays 07.03 daily levels, we made some profits on that one - see related idea.
Description! Read carefully!
First look at market sentiment 1.1004, if it will be broken downside by X pips, it is more likely that the pair will go down and test those two levels - Trigger 1.0971 level, and Confirmation 1.0958 level!
If it Breaks Confirmation 1.0958 by X pips, I guess the pair will keep falling down, and there is an SELL opportunity.
If Confirmation 1.0958 level holds and market goes back up and breaks Trigger 1.0971 level upside, it is a BUY opportunity with TP - Market Sentiment 1.1004 level!
That played out yesterday - see related Idea!
Now about other ones!
If pair tends to go up and go above Sensitive 1.1052 level, then price should not fall 23 pips below it, it will give us a confirmation that Pair is willing to go up, and there is a BUY opportunity.
If Pair will break Sensitive 1.1052 level by X pips, then it should not fall below it 35 pips! It as well would give us a BUY opportunity.
And if that scenario happens, then Pair is likely to go test Trigger and Confirmation levels up there ( green lines )
And the same rules applies to green levels too!
Good Luck! Let's see how this plays out today! I will update during the trading day!
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See Idea for 09.03. These levels are not valid any more!