Key Levels:
Daily High- 127.500
Previous daily resistance- 127.075
Previous daily low- 126.819
Daily support- 126.256
Looking for a break of previous day low and a push into 126.250
Idea not valid if we break up past 127.075
Daily High- 127.500
Previous daily resistance- 127.075
Previous daily low- 126.819
Daily support- 126.256
Looking for a break of previous day low and a push into 126.250
Idea not valid if we break up past 127.075
Trade active:
Analysis done on Jan 10 10:05pm EST
Looking at price rejections on the 4HR chart at 127.231 price area. We can see spikes into this area Jan 6 and a brief break on Jan 7 during NY session which the high was 127.500 . On Friday Jan 8 NY broke the lows of previous day and created a new low at 126.819.
*Looking for a push into 126.000 into London session and NY
Looking at price rejections on the 4HR chart at 127.231 price area. We can see spikes into this area Jan 6 and a brief break on Jan 7 during NY session which the high was 127.500 . On Friday Jan 8 NY broke the lows of previous day and created a new low at 126.819.
*Looking for a push into 126.000 into London session and NY
Trade active:
Price may reject 126.478-caution
Stops :Break Even
Stops :Break Even
Trade closed: target reached:
Perfect, trade target reached