I am looking for a further long position from the key demand levels. This pair just made a new high and broke a supply zone. So I am looking for it to retrace either down to the 50% level which lines up with a demand level on the 2 hour chart or further down to a strong demand level on the 4hr chart. I have my alarms set.
Comment:
Looking for bullish evidence as this pair makes it's way down to the next demand level. I was able to profit 20 pips on the first level it retraced from.