Hi Traders! The market is moving in a Range. As you can it was falling until 1.20800. During this fall, it made a Gap. The Price closed immediatly the Gap and since then it was moving up. Until it reached the Resistance Area at around 1.22500 it rallyed. In the H4-Timeframe you can see, that this area is a really important Level. But it is now unclear, wether...
Most likely gonna hit 38.20% at the psychological major structure level 108.00 Gonna Watch Price Action after to indicate direction
IF the price reach the 132.37 level THEN I'll wait for more confirmation on lower timeframes and won't get greedy with it, just looking for a 1st target that eliminate the risk and a second one to resistance previous support. IF i get stopped out or the support is violated without giving we even entering the trade and we get a LL and LC THEN i'll look for a lower...