Price already touched the zone and booked 26 pips, but I did not take it, I am waiting for a bigger move, at least with 1st target at the above (0.9681 - 0.9698), meaning a nice 60 pips profit with 27 pips of risk, wich stands for a very nice 2:1 RR.
We know from rules that when a level have been touched many times, demand in this case have been consumed every time, but remember that whenever price gives you clues about what it might do next, in this case, a nice on when price is touching a . This for me is a buy opportunity, so I would take it on Monday morning if price haven´t breached the zone already.
Good luck everyone and happy trading next week!
I am long eurusd (and a couple of other euro pairs) and have an overall long euro bias right now, but we could see a short term rally in this/ short term drop in euro before continuing lower in usdchf/ higher in eurusd
Thanks again buddy, good luck!
But I also like going with the major trend direction, that´s the best way to keep profits adding up and always respecting structure of the market.