On the 4H its clear for all that the price made rejection from the 150% Fibonacci extension after making new lower lows and now we all see the price preparing for a new highs before the continuation of the Bearish movement on the DAILY chart
we expect that the prices will start the strong bullish momentum after testing the levels of 1.15400 and the prices will start the upward movement and making new higher highs at the 4H chart , however we can position our orders at the numbers we mentioned before and our fixed stop loss will be below the lowest low plus the average true range of the 4H chart which will be equal to 1.15000 with 40PIPS RISK and regarding our targets our first potential target will be at the first resistance at 1.16748 with more than 120PIPS Profit and from there we will check the Price action for the second target at 1.17000
USE MONEY MANAGEMENT
TRADE SAFE
we expect that the prices will start the strong bullish momentum after testing the levels of 1.15400 and the prices will start the upward movement and making new higher highs at the 4H chart , however we can position our orders at the numbers we mentioned before and our fixed stop loss will be below the lowest low plus the average true range of the 4H chart which will be equal to 1.15000 with 40PIPS RISK and regarding our targets our first potential target will be at the first resistance at 1.16748 with more than 120PIPS Profit and from there we will check the Price action for the second target at 1.17000
USE MONEY MANAGEMENT
TRADE SAFE