Price has pulled back to what I think is a solid short term resistance prior to the London open. Therefore I am looking to buy at market, targeting 1.65 as a first target. My extended target is all the way up at 1.66.
Looking to profit from this strong counter trend move which is followed by a corrective move, indicating the sellers are still very present.
Looking to enter at current price with multiple take profit levels.
Looking to enter around 1.2537 if price pulls back a bit more, targeting 1.2560. Not shooting for extended targets since the HTF is pretty volatile and I think we first need to see a minor retracement on the 4 hour chart, something that would break this corrective structure to the downside. But before that I think price will make another push to the top of the structure.