In view of the above, our objective today is simple – keep an eye on the lower timeframe action (a break of supply and retrace/a break of a and retrace etc…) around this zone for a possible entry long, targeting the 1.3500 figure as a first take-profit target. The reason for requiring confirmation here is due to the possibility that price may drive lower into the daily demand area thus potentially faking beyond the H4 demand.
Levels to watch/live orders:
• Buys: 1.3358-1.3396 Tentative – confirmation required (Stop loss: dependent on where one confirms this area).
• Sells: Flat (Stop loss: N/A).