Price has been in an uptrend and has reached a strong, respected resistance level. Waiting for a break and then a retest of this key level to get into a buy. Targets at around 1.22.
Additionally, a lot of retail traders are going to look to sell at this point, and we know most retail traders lose, so the market may look to take them out before pushing.
Price has been in a descending channel. Price recently touched the roof of this channel and made a strong move to the downside. Usually, price retraces after making a strong move to the downside, so to find and entry, i will wait for price to break the recent support it has created at 116.508 to confirm that is will continue to the downside. This entry is a little...