Trade Scenario 1: Bullish - For us to go long we want to see price retest 1.3900 zone. We will then for 1.3900 to act as support. Enter on strong bullish setups, first targeting our edge of value at 1.4000 (Key Level) and expect it will travel till 1.425
Trade Scenario 2: Bearish - For us to go short we want to see price break 1.3900. We will wait for a quick retrace and then enter on strong bearish setups, first targeting at 1.3865 and then back to 1.3800
Trade Scenario 2: Bearish - For us to go short we want to see price break 1.3900. We will wait for a quick retrace and then enter on strong bearish setups, first targeting at 1.3865 and then back to 1.3800