On Friday price broke out of a range but failed to go high and instead came down and hit previous resistance levels. After hitting these levels we started to see some wick rejections right before market close. Due to this I believe that price is going to break out of the range again retest the support level. If price doesn't fall back into the range and hits 1.23316 I will be looking at going long until previous highs. The RR is 3.
Let me know what you guys think and before placing a trade please do your own analysis first.