We could se a retest of the key support line ( 169.63 ) on the daily timeframe, price has tested and bounced on a few occasions ( marked by the arrows on the chart ) if we take into account the fundamentals along with the technical analysis both point to the bulls taking over and pushing price higher.
• Daily active users (DAUs) – DAUs were 1.47 billion on average for June 2018, an increase of 11% year-overyear. • Monthly active users (MAUs) – MAUs were 2.23 billion as of June 30, 2018, an increase of 11% year-overyear. • Mobile advertising revenue – Mobile advertising revenue represented approximately 91% of advertising revenue for the second quarter of 2018, up from approximately 87% of advertising revenue in the second quarter of 2017.
Trade will be sent to our clients along with SL and TP once it becomes valid to enter, if you would like to join us then please message.
@Moppel, we are currently long on facebook now, we kept an eye on the price movement and decided to enter at 172.60, so the signal was sent to our clients with relevent SL and TP. All the fundimentals and technicals point to a long position.