Trade Scenario 1: Bullish - For us to go long we want to see price break above 110.900. We will then wait for a retrace and for 110.900 to act as support. Enter on strong bullish setups, first targeting 111.300.
Trade Scenario 2: Bearish - For us to go short we want to see price reject off 110.900 forming a double top. We will then enter on strong bearish setups, first targeting 110.400.
Trade Scenario 2: Bearish - For us to go short we want to see price reject off 110.900 forming a double top. We will then enter on strong bearish setups, first targeting 110.400.