Above the price we have two important zones that have accumulated liquidity. The equal highs are most likely to break, so somewhere there we will look for our entry. But the price may not stop there. A very likely scenario is to reach the above highs.
In any case, we will place our stop loss well above these highs in order to stay safe even in a break.
We will put our take profit in the lows of the structure but because we are going with the trend of bigger timeframes depending on the price action we could expand it to the lower orange zone for a bigger reward.
In any case we must be careful because at 0.945 (red zone) there is a confirmed manipulation whose long positions are looking for break even.
In any case, we will place our stop loss well above these highs in order to stay safe even in a break.
We will put our take profit in the lows of the structure but because we are going with the trend of bigger timeframes depending on the price action we could expand it to the lower orange zone for a bigger reward.
In any case we must be careful because at 0.945 (red zone) there is a confirmed manipulation whose long positions are looking for break even.
It's short position!