Analysis Week - 20 May 2024
Daily - Range / Bullish
Cloud (D) - Above Cloud
Weekly - Range / Bullish
Cloud (W) - Above Cloud
Mid Term - Range
20 x 50 D SMA - Below
50 x 200 D SMA - Below
2024 Target
Jan 2024 <1Y> - 1.12-1.14
Update 20 Apr 2024 <9M> - 1.08-1.09
________________________________________________________________________
Trade Identification Area of Interest
Buy: 1.0790-1.0820
TP: 1.0980-1.1000
SL: 1.0730-1.0750
R:R: 1:2-3
Risk Disclaimer
All information provided is based on my personal experience and it does not ensure future profits. This is NOT a trade recommendation for you to copy. If you decide to act upon the posted information, the trade decision is taken at your own risks. Any advice given is deemed to be GENERAL advice.
This information or advice given does not take into account your full objectives, current financial situation or needs. Therefore, you should consider the appropriateness of the advice before you act further.
The trading of stocks, futures, options, spread betting, spread trading and CFD trading and any other leveraged trading activity involves risk. You should not trade with money you can’t afford to lose. Be honest with yourself.
Thank You for browsing here. I wish you the best of luck and hope you make a fortune. Just make sure you do it over time and don’t try to make your millions in a week or day.
Daily - Range / Bullish
Cloud (D) - Above Cloud
Weekly - Range / Bullish
Cloud (W) - Above Cloud
Mid Term - Range
20 x 50 D SMA - Below
50 x 200 D SMA - Below
2024 Target
Jan 2024 <1Y> - 1.12-1.14
Update 20 Apr 2024 <9M> - 1.08-1.09
________________________________________________________________________
Trade Identification Area of Interest
Buy: 1.0790-1.0820
TP: 1.0980-1.1000
SL: 1.0730-1.0750
R:R: 1:2-3
Risk Disclaimer
All information provided is based on my personal experience and it does not ensure future profits. This is NOT a trade recommendation for you to copy. If you decide to act upon the posted information, the trade decision is taken at your own risks. Any advice given is deemed to be GENERAL advice.
This information or advice given does not take into account your full objectives, current financial situation or needs. Therefore, you should consider the appropriateness of the advice before you act further.
The trading of stocks, futures, options, spread betting, spread trading and CFD trading and any other leveraged trading activity involves risk. You should not trade with money you can’t afford to lose. Be honest with yourself.
Thank You for browsing here. I wish you the best of luck and hope you make a fortune. Just make sure you do it over time and don’t try to make your millions in a week or day.
Trade active:
Shift Stops to Breakeven.
Comment:
Partial TP Levels for today - 1.0890 - 1.0900
Add Trailing Stop of 50pips (500 points) until partial TP achieved
Add Trailing Stop of 50pips (500 points) until partial TP achieved
Trade closed: stop reached:
Trailing Stop taken out at 1.0838.
Daily - Range / Bullish
Cloud (D) - Above Cloud
Weekly - Range
Cloud (W) - Within Cloud
Mid Term - Range
20 x 50 D SMA - Above
50 x 200 D SMA - Below