High probability short term entry to capture the retest of resistance. Entry is just above 20SMA to confirm bullish trend which is showing on 15min & hourly chart. 1:2 r/r on half position w/ 30 pip stop. If target is reached will look to add 2nd position.
SL little above 1.414 Fibo.
TP1 at the resistance line that after the breakout will then become support.
TP2 is 38,2 Fibo of AD confirmed by a previous structure.
TP3 is 61,8 Fibo of AD confirmed by some previous strucutres.
Now it's just waiting for the market to break the resistance line and then - after reaching 127,2 Fibo - looking for a confirmation of a...