Looking to the downside target of 101.500 once price retests our trend line with bearish PA confirmation. Ideally we want the zone highlighted to be retested which will be a better opportunity for entry. We will use the zone as an anchor with stops place above the zone. As I explained we have potential upside opportunity on the smaller time frames – again my preference is trading the bigger move with the downside being the key setup.
As I explained, we have targets in between the entry and TP level which can be managed accordingly by yourselves. All entries are based of PA confirmation. This is just a forecast and basic analysis for predicting the movement. Further analysis is conducted when looking to execute and structuring our trades.
This analysis or post does not constitute as financial advice – purely my opinion and your capital is at risk. Trading is at your own discretion.
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