- Price showing consistent bearish market structure with lower highs and lower lows
- Recent equal lows followed by consolidation period indicate some bullish pressure beginning to step in
- Will be awaiting break of dynamic resistance followed by retest before taking long buy position
- Take profit set based on previous price action
Looking for a 1:5RR, 2%...
- Price seems to have broken out of pennant/wedge structure towards upside
- Anticipating retest of dynamic resistance before push to 109.200 area
- 1:3RR on this trade, 2% risk as always, let's see how it develops
