My entry points for a long position: now or 1.1230.
TP1: 1.1291, TP2: 1.1300, TP3: 1.1320
My entry points for a short position: will place a sell limit order at 1.1300
TP1: 1.1200; TP2: 1.1160, TP3: 1.1110
Once there, will review the market once again.
Any break below 1.1230 is an alert and a break below 1.1200 for me would mean we have entered into a bearish phase.
Important levels to watch are:
Supports: 1.1200, 1.1160, 1.1120 as per Big ABCD pattern
Resistances: 1.1330, 1.1350
I have set a buy limit order at 1.1200 and sell order limit at 1.1450 . Both levels can be reached between today and Monday next week
Therefore, if some Reuters or Bloomberg posts a headline similar to "Yellen will talk about changes in the entire policy system", watch USD to dive.
A perfect setup would be: EURUSD goes to 1.12 on GDP news, we buy, move a long to breakeven and then get the news from the FED.
I keep following this on another chart