We have a potential long position ready for entry if we meet the following conditions;
1. Price retraces back down to 112.411 and rejects back off the level without breaking any lower than 112.057.
2. We see bullish candles closing after rejection from 112.411 on the hourly chart
If we manage to meet all conditions and have successfully made entry we will look to exit out at 113.991 which would net us 158 pips.
1. Price retraces back down to 112.411 and rejects back off the level without breaking any lower than 112.057.
2. We see bullish candles closing after rejection from 112.411 on the hourly chart
If we manage to meet all conditions and have successfully made entry we will look to exit out at 113.991 which would net us 158 pips.