Looking bigger picture, daily chart, we can see that we are in a nice channel. We are also seating on support = blue area. To find an entry for long, we need to move down to 4h or 1h chart. At 1.4980 we have resistance, so till then we have good 200 pips. Bull can take profit there and then wait for resistance to break and retest and then buy it again (option 1).

Bear should wait that price potentially break lower border of a channel and then retest it from bellow (option 2).

 

euruad-d

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