Possible SHORTS after breakout and retest.
We see price has been consolidating in a range in the Daily and 4h TF. You can wait until price breaks this support or resistance (as we don't know where it could go), and go long/short after the breakout and the retest, taking into account price action.
But, if you want to play it more agressively and it fits your trading style, there's a possible trade in sight.
Price climbed up the trendline, broke this, consolidated near 139.890 with a possible short scenario after BO & RT (breakout and retest) down to 139.260
R;R : 2 (fair enough)
But, if you want to play it more agressively and it fits your trading style, there's a possible trade in sight.
Price climbed up the trendline, broke this, consolidated near 139.890 with a possible short scenario after BO & RT (breakout and retest) down to 139.260
R;R : 2 (fair enough)
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