Reasoning ( at Scenario 2) : - The Area between 0.92005 and 0.91801 has been tested at multiple time (See chart D1) when the price touches this area, the price goes back down. - The price dropped and touched the 200 EMA, the possibility of the price going back down or sideway near this area. - The price has broken out forming a lower LL value (see TF H4) - EMA 50 line is moving narrower closer to EMA200
Condition : - wait and see If the price forms a Double top in the area of value 1 (TF H4), see top 2 - Prepare for entry IF PRICE Break the suport area at TF H1 (0.91801) at Scenario 2, and bearish candle confirmation close below this area.
Entry : - Under 0.91801 (details see Time Frame H1)
Stop Loss : - Above 0.91984 + 15 Point
Take Profit - Target 1 : Near EMA200 - Target 2 : Near support area under EMA200 - Target 3 : Area Of Value 2 (see Picture)