Trade Scenario 1: Bullish - For us to go long we want to see price break above our edge of value at 1.3980. We will then wait for 1.3980 to act as support. Enter on strong bullish setups, first targeting our edge of value around 1.4040.
Trade Scenario 2: Bearish - For us to go short we want to see price reject off 1.3980. We will then enter on strong bearish setups, first targeting our edge of value at 1.3920.