1. Price may continue going down to .382 (S3), if it breaks the S3 price should retrace off the channel and go into an uptrend.
2. Possible reversal at 122.417 & 122.216
4. Once the resistance level at 122.739 is broken it turns into support for the uptrend
5. Once uptrend starts price may retrace 2 times before reaching target.
6. Watch for the retracement and exit trade "long and re-enter "Short" until the indication of the next uptrend
1,260 or more Possible Pips gained, if entries are on time
2. Possible reversal at 122.417 & 122.216
4. Once the resistance level at 122.739 is broken it turns into support for the uptrend
5. Once uptrend starts price may retrace 2 times before reaching target.
6. Watch for the retracement and exit trade "long and re-enter "Short" until the indication of the next uptrend
1,260 or more Possible Pips gained, if entries are on time
