Trade Scenario 1: Immediate Bullish - For us to go long we need to see price retrace to our edge of value at 1.2030. We will then wait for price to find support and enter on strong bullish setups, first targeting previous highs around 1.2075
Trade Scenario 2: Bullish after Retest- For us to go Long after a retest we want to see price retest 1.2000. We will then wait for 1.2000 to act as support. Enter on strong bearish setups, first targeting our edge of value around 1.2015
Trade Scenario 3: If suppose the market suddenly falls below 1.1980, lets then observe for some Short Setups. ( Probability is very low)
Trade Scenario 2: Bullish after Retest- For us to go Long after a retest we want to see price retest 1.2000. We will then wait for 1.2000 to act as support. Enter on strong bearish setups, first targeting our edge of value around 1.2015
Trade Scenario 3: If suppose the market suddenly falls below 1.1980, lets then observe for some Short Setups. ( Probability is very low)
Trade closed: target reached:
TP Hit Successfully