H4 - Duplication of the first bullish wave up expected. Pair is trading inside a triangle and it is at the top of it.
We are after buys and there are two scenarios to follow.
Scenario 1 - Break above 0.74, followed by corrections and we can look for buys.
Scenario 2 - We can start looking for buys if the price creates another wave down towards the bottom of the triangle,
Note - This scenario is valid until 0.7270 holds.
Note 2 - The risk reward ratio for the second Scenario would be fantastic, that's why you may use half of the usual risk you take
or even less (example - if you usually risk 1% per trade, on this setup you may use 0.5% or less).
We are after buys and there are two scenarios to follow.
Scenario 1 - Break above 0.74, followed by corrections and we can look for buys.
Scenario 2 - We can start looking for buys if the price creates another wave down towards the bottom of the triangle,
Note - This scenario is valid until 0.7270 holds.
Note 2 - The risk reward ratio for the second Scenario would be fantastic, that's why you may use half of the usual risk you take
or even less (example - if you usually risk 1% per trade, on this setup you may use 0.5% or less).