Trade Scenario 1: Bearish - For us to go short we want to see price retrace around 1.2050. W will then look to go short on strong bearish setups off this zone, first targeting previous lows around 1.200
Trade Scenario 2: Bullish - For us to go long we need to see price break above 1.2050. We will then wait for a retrace and for 1.2050 to flip as support. We will look to enter on strong bullish setups, first targeting previous highs around 1.2080.
Trade Scenario 2: Bullish - For us to go long we need to see price break above 1.2050. We will then wait for a retrace and for 1.2050 to flip as support. We will look to enter on strong bullish setups, first targeting previous highs around 1.2080.