Buy above 0.6820. Stop loss at 0.6785. Take profit at 0.6874. Reason for the trading strategy (technically): Price has dropped perfectly and reached our profit target. We look to buy above major support at 0.6820 (Fibonacci retracement, Fibonacci extension, horizontal overlap support) for a push up to at least 0.6874 resistance (Fibonacci retracement, horizontal overlap resistance). Stochastic (34,3,1) is seeing strong support above 0.8% where we expect a strong bounce from.
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Damn we're good! haha hope you guys made good money on this trade!
Do you have analysis for the biger picture on this pair please ?
My forecastes are; that the Bear trend have been ended and the market is on corrective mvt for now,
I expect in the first quarter of 2018 this pair will end his rally till 0.75 area,
Nice chart,
Do you have analysis for the biger picture on this pair please ?
My forecastes are; that the Bear trend have been ended and the market is on corrective mvt for now,
I expect in the first quarter of 2018 this pair will end his rally till 0.75 area,
Best Regards
Omar