Our setup on GA from last week is still very much valid coming into this week, price still finding it hard to break through the inner resistance around 1.75045 with price forming a double top on 4HR timeframe and a third touch rejection on daily TF. I expect pice to respect this formation giving that it gave us a bearish engulfing on daily TF last Friday. Price might give us a third touch on my trendline around 1.73215 or form a "W" pattern bounce off at 1.72596 before the big move upward.
Trading recommendation: Watch for potential sell opportunity around 1.74371
TP: 1.73215
As always, we react to what we see in the market and always take fundamentals into consideration before entering the market!
Trading recommendation: Watch for potential sell opportunity around 1.74371
TP: 1.73215
As always, we react to what we see in the market and always take fundamentals into consideration before entering the market!
Comment:
Price moving in our direction as analyzed on the chart. That’s how to start a new week!!! Trade safely guys and try adjusting your SL appropriately to either break even or profit level!