WE would like to see how price reacts at the retest of the structure low for a potentail long oppurtinty..If price breaks below my structure low..i might be looking to go short
Price might be having a little retracement before the major move to the downside ...watchout how price would be playing out after the retracement at the circled zone for a short oppurtinty to the 1.20456 level
The market has been in an uptrend for the past few weeks,we can also see clearly how price has been obeying the 200EMA.We might be expecting price to retest the 200EMA or a continued move to the upside thereby breaking the 0.70359 daily level and coming back for the retest of that level.We would be watching out how PA plays out at the retest of the 0.70359 level...