If price breaks below the opening of the day, then the second strong support lies at 1.05000 zone.
A probable take profit target of about 160 pips.
Also, there may be a pull back towards the wedge again, hence a conservative stop loss at 1.07650 zone.
Probable, risk : reward = 1 : 1.691
A probable take profit target of about 160 pips.
Also, there may be a pull back towards the wedge again, hence a conservative stop loss at 1.07650 zone.
Probable, risk : reward = 1 : 1.691