As the strong resistant level (upper red line) holds, price moves towards either the weak support (yellow) or strong support (red lower line ). Assuming that the yellow support will hold, a nice long position opportunity could occur. This long, would be confirmed IF 1.71 is broken upwards.
The other scenario (as I see it) is a short opportunity after breaking the yellow support. IF the yellow support breaks, the short entry should be if the 1.70 is broken.
Summary;
Long:
Entry: 1.709
Stop Loss: 1.70
Tp1: 1.726
Tp 2: 1.739
Short:
Entry: 1.699
Stop Loss: 1.704
Tp1: 1.689
Tp2: 1.675
(disclaimer, do not invest more than you can afford, It is an idea NOT a financial advice)
The other scenario (as I see it) is a short opportunity after breaking the yellow support. IF the yellow support breaks, the short entry should be if the 1.70 is broken.
Summary;
Long:
Entry: 1.709
Stop Loss: 1.70
Tp1: 1.726
Tp 2: 1.739
Short:
Entry: 1.699
Stop Loss: 1.704
Tp1: 1.689
Tp2: 1.675
(disclaimer, do not invest more than you can afford, It is an idea NOT a financial advice)