Scenario 1
Price may touch down at resistance at 109.30. Price could then bounce back off this previous resistance level and then continue bullish momentum. This would trigger a long trade.
Scenario 2
Price may reach the support of the trend line (108.90) and reject off the 61.8 fib level in which we would then go long (providing good technical confluence of indicators too --> increase probability)
Let's see what happens!
Price may touch down at resistance at 109.30. Price could then bounce back off this previous resistance level and then continue bullish momentum. This would trigger a long trade.
Scenario 2
Price may reach the support of the trend line (108.90) and reject off the 61.8 fib level in which we would then go long (providing good technical confluence of indicators too --> increase probability)
Let's see what happens!