As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.09. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=1.096. TP4: R2=1.1025. Set the stoploss of these orders at breakout of S2=1.0885.
Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of S2=1.0885. In this situation, there is an expectation to reach the target S3=1.0815. Set the stoploss of reverse orders at breakout of S1=1.09.
If you would like to trade in the next 24 hours, the intraday forecasts of ForecastCity will show you the most accurate and the most likely actions and swings of the market. Our intraday forecasts are available before those of all the other sites. Our intraday forecasts are available very early in the day. It is one of ForecastCity’s glorious and positive qualities. This quality has made us the first forecaster that forecast tomorrow for you!
I’m already in this trade for a buy.
Opened the trade at 1.09495
With a take profit of 1.09799.
So happy you have also seen a potential buy :)
ForecastCity
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@IAMNDN, Thanks for sharing your view about this pair. We hope you make maximum profit.
Sana04
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I always follow ur forecast and it’s always correct .
ForecastCity
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@Sana04, We appreciate your nice comment and thanks for following us.
fxniki
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I always follow your posts. You are one of my favorites.
ForecastCity
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@fxniki, It's an honor to be one of your favorites.
sara-kian-fx
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thanks for your ideas
ForecastCity
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@sara-kian, You're welcome. we hope you find it useful on your own trades.
ICFX
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Open weekly chart draw trendline from 2000 up connecting lows...flip to daily and have a revelation. We broke that historic trendline and already had a retest. Taking longs is catching falling knives from that point.
ForecastCity
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@RomanZachary, Thanks for sharing your point of view.
Opened the trade at 1.09495
With a take profit of 1.09799.
So happy you have also seen a potential buy :)