The current has been respected twice already on a 4hr chart.
I want to be buying once the market re tests this as i expect a large bounce through the monthly at 1.26900 all the way up to the daily around 1.28195.
I will be placing a relatively tight stops just below the previous of 1.26155 incase the market breaks the .
Looking to actively manage this trade and move stops accordingly.
However when the market broke the trend line we place a buy order at 1.27067 expecting a bullish bounce. Trade was triggered and now expect to rally to the daily resistance zone.
We will re assess over the weekend and look for a potential entry point next week.