Hitting heavy resistance around the 1.26222 area; market will now reverse to the next heavy resistance around the 1.2530 area. Possible 80-90 pips available.
Seeing the retracement of 38.2% on the right side compare to the price point on the left. If we break structure; looking for a move in a bullish direction.
5/7/2020
7:15AM EST
H1 Chart
Possible V Bottom set up.
Looking for price on the right side to
retrace at least 38.2% of the left side
before the breakout
