Expected breakout and continuation higher into Friday.
Expected reversal back towards January 50% levels.
Long positions:- Now it depends on the type of trader you are because it determines on whether you want to hold any longs or exit the trade at this level, and that depends on how many lots you are trading.
1:- Expectation after a 3-day cycle break price can often come down and retest the level before continuting higher. Highest probable reversal zone is Friday upper blue channel. Breakout level matches the 5-day 50% level. (support)
2. A trending week will try and chase the Weekly 50% level 2.0108
I would partial exit at this level today (also 90 pip spiral top) and hold, with the expectation that Friday will continue higher.
If wanting to re-enter longs then the best level would be around the 5-day 50% level...
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